Bitcoin Wallets Holding Over 100 BTC Increase as Market Sees Renewed Interest

Nexo, a cryptocurrency lending platform, reports a rise in the number of wallets holding more than 100 BTC, indicating a renewed influx of 'smart money' into the Bitcoin market. According to ChainCatcher, data shows that addresses holding between 10 and 10,000 BTC have collectively increased their holdings by approximately 41,000 BTC over the past two weeks. Additionally, Bitcoin's price has surpassed the 'True Market Mean' average level of $78,100 for the first time since January this year. Market analysts suggest that the continued accumulation by large on-chain addresses may reflect a growing risk appetite among institutions and long-term holders.