Bitcoin Wallet Activity Skyrockets to 54.72 Million—Just 0.018% from ATH! Is a Bullish Breakout Coming?

Jakarta, Pintu News – Based on Crypto Basic (13/3/5), amidst the ongoing recovery of the Bitcoin (BTC) price, the number of BTC wallets with recorded balances is nearing an all-time record high.

Bitcoin bounces back after falling, number of active wallets near record highs

Bitcoin’s price showed resilience after experiencing a decline earlier in the week, where it fell below $77,000 for the first time since November 2024. However, in the last 48 hours, Bitcoin managed to rebound, even touching $84,000 before finally stabilizing around $82,300 on Wednesday (12/3/25).

Read also: Bitcoin Clings to $81,000 – Is a Bigger Crash on the Horizon? (March 14, 2025)

In the last 24 hours (13/3), Bitcoin has increased by around $1,000, with the current trading price standing at $83,282. This price movement is in line with an increase in the number of active Bitcoin wallets, signaling that interest in the asset remains strong.

Based on data from Santiment, the number of Bitcoin wallets with balances greater than zero has now reached 54.71 million. This figure is only 0.018% lower than the all-time record high of 54.72 million wallets recorded on January 19, 2025.

According to Santiment, this trend is driven by the growth of the network as well as the strategy of large investors splitting their holdings into multiple smaller wallets. Although Bitcoin has experienced high volatility over the past almost eight weeks, having reached an all-time high of $109,000, the expansion in the number of wallets remains visible.

This trend is not only true for Bitcoin, but also for Ethereum (ETH), XRP (XRP), and Tether (USDT), which have seen an increase in the number of active wallets in recent times.

Is the Rise in the Number of Bitcoin Wallets a Bullish Sign?

In response to an update from Santiment, a community member revealed that an increase in the number of Bitcoin wallets is often taken as a bearish signal.

Santiment confirmed this view, noting that the trend could become bearish if retail holdings surge while whale and shark holdings decline.

While the number of retail investors has increased, ownership by whales and sharks has remained stable.

Based on data from IntoTheBlock, large Bitcoin holders (whales) showed no increase or decrease in their holdings. The Whales 30-Day Change indicator stood at +0.00%, meaning there was no net accumulation or distribution.

Read also: 5 Crypto Recommended to Sell Ahead of FOMC Meeting

Meanwhile, mid-sized investors increased their holdings by 1.35% in the last 30 days. In contrast, retail investors slightly reduced their exposure, with a 0.08% drop in holdings.

This small decline in retail investor holdings may indicate a slight selling pressure or reallocation of funds among small investors.

Bitcoin Flow to Large Holders Increases Drastically

Although the whales maintained their positions, Bitcoin flows to large holders saw a significant surge.

The latest data from IntoTheBlock shows that the change in inflows over the past seven days is up 162%, signaling a sharp increase in large-scale Bitcoin transactions.

In the past 30 days, inflows into large holdings surged by 2,639%, indicating massive accumulation by major market participants. This trend was further reinforced by the 90-day inflow change data, which recorded an increase of 1,872%.

This increase indicates that large investors are starting to accumulate more Bitcoin, which could be a positive sign for future price movements.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Non-Empty Bitcoin Wallets Surge to 54.72M, Just 0.018% from ATH: Is This a Bullish Signal? Accessed on March 14, 2025