30-7-2025 – The number of Bitcoin wallets holding at least 1,000 BTC has dropped by 1.61% over the past two weeks, while Ethereum wallets with at least 10,000 ETH have grown by 8.00%, according to on-chain analytics firm Santiment, first reported by Foresight News.
These shifts highlight divergent investor sentiment in the crypto market’s two largest assets. The decline in Bitcoin whale wallets suggests profit-taking or redistribution among large holders, potentially signaling caution as Bitcoin consolidates near recent highs. Conversely, the rise in Ethereum whale wallets points to strong accumulation, likely driven by optimism around Ethereum’s ecosystem, including its role in DeFi and meme coin activity. Santiment’s data aligns with broader market trends, where Ethereum’s wallet growth has outpaced Bitcoin’s, with 126.96 million ETH wallets compared to 54.18 million BTC wallets as of September 2024.
These movements reflect evolving investor strategies, with Ethereum gaining traction amid growing interest in decentralized applications. Bitcoin, while still dominant, may be seeing reduced concentration among its largest holders, possibly due to institutional profit-taking or portfolio rebalancing.Â
