Bitcoin whale wallets hit record 20,338 as large holders buy October dip
CIE News ·
Based on reporting by BeInCrypto; not yet independently confirmed.
Santiment reported Bitcoin wallets holding 10 to 10,000 BTC reached a record 20,338 addresses on October 16, 2026, accumulating over 85,000 BTC across three weeks despite price swings.
The number of Bitcoin (BTC) addresses holding between 10 BTC and 10,000 BTC reached an all-time record of 20,338 on October 16, 2026, according to on-chain analytics firm Santiment as reported by biggo.com. This tier of holders acquired more than 85,000 BTC, valued at roughly $7 billion, over a three-week span while the price traded between $79,806 and $87,000.
Data corroborated by CryptoQuant and Glassnode showed trading platform reserves dropped to 2.679 million BTC alongside net negative exchange flows. Ground.news reported that a cohort of new whale addresses identified by CryptoQuant represents approximately one-third of total whale realized capitalization, carrying an estimated aggregate cost basis near $77,000.
Biggo.com noted that addresses with 0.01 BTC or less also accumulated coins alongside large holders over the same timeframe. Santiment tracked the 30-day MVRV ratio at negative 1.6% and the 365-day MVRV ratio at negative 0.48%, reflecting an average break-even level for holders over the past year.
Key facts
- 20,338 whale addresses
- 85,000 BTC accumulated
- $7B acquired in 3 weeks
- 2.679M BTC exchange reserves
Read the original at BeInCrypto