Increase in the Bitcoin wallets containing at least $100

According to Onchain data, the number of Bitcoin wallets that store at least $100 is approaching an all-time high.

According to Binance, the number of wallet addresses with $100 or more has increased from 24 million in January 2024 to roughly 30 million in 2025, representing a 25% year-on-year growth.

“This trend reflects an influx of new participants into the market, showing a renewed interest and optimism in cryptocurrency,” according to a blog post published by Binance.

Historically, peaks in the number of wallets carrying at least $100 correspond to bullish periods, such as those in late 2017 and 2021. A similar spike occurred in mid-2024, when Bitcoin hit the $100,000 mark.

The introduction of spot Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust (IBIT), has contributed significantly to institutional adoption. By the end of 2024, ETF holdings had risen to 1.25 million BTC, and IBIT managed over $50 billion in assets.

A significant increase in the number of Bitcoin wallets containing at least $100.

The Bitcoin network is now more secure than ever before. In January 2025, the hashrate topped 800 exahashes per second (EH/s), a 33% increase over the previous year’s 600 EH/s.

“Bitcoin’s hashrate has recently reached an all-time high, surpassing the combined computing power of tech giants like Amazon AWS, Google Cloud, and Microsoft Azure, which together account for less than 1% of the total capacity of the Bitcoin network,” Binance wrote on its blog.

The hashrate is a measure of the computational power utilized to process and protect bitcoin transactions. A high hashrate makes the network more secure and harder to attack. It also demonstrates a high level of miner activity and their faith in Bitcoin’s future.

CryptoQuant reports that 86% of Bitcoin ownership are profitable.
CryptoQuant reports that 86% of Bitcoin in circulation is “in profit.” Accumulator addresses—wallets that repeatedly buy Bitcoin without selling it—have achieved a monthly record of 495,000 BTC.

Ki Young Ju, CEO of CryptoQuant, noticed a discrepancy in Bitcoin holders’ behavior. He published on X.

“Retail investors holding less than 1 BTC are selling, while those holding 1 BTC or more continue to buy.”

Young Ju believes we are in the advanced stages of the Bitcoin bull market. He feels that the present cycle is in the “early distribution” stage, with new individual investors entering the market and institutional interest remaining high.

Ju explained the traditional Bitcoin distribution method, which involves huge holders (whales) giving in to retail investors.

However, he noticed a difference in this cycle. “Old retail investors” and whales are now shifting their bitcoins to specific new entrants, while institutions hold bitcoin in ETFs or company stocks. It anticipates that the final phase of distribution, mainly by retail investors, will not occur until mid-year or even next year.

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