$BTC In 2025, approximately 20,000 Bitcoin addresses each hold more than 10 million dollars in BTC. This threshold currently represents just over 100 bitcoins, based on the price hovering around 100,000 dollars. These wallets primarily belong to institutional investors, exchange platforms, or very wealthy individuals, often referred to as 'whales'. Together, these addresses control about 9 to 10% of the total supply of bitcoins in circulation, giving them significant influence over the market.

It is important to note that a blockchain address does not necessarily correspond to a unique individual: the same entity can manage multiple addresses, and conversely, an address can belong to a platform that aggregates the funds of thousands of users. The number of these wallets is gradually increasing, indicating a growing interest from large investors. This concentration of wealth also raises concerns about the potential volatility of the market in the event of sudden movements by these major holders.