Large Bitcoin Wallets See Major Gains Amid Bitcoin Price Dip To $56k

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Amid the negative sentiment surrounding Bitcoin and the entire digital asset sector, BTC whales are becoming increasingly prominent. The number of wallets holding 10,000 or more BTC has reached its highest level in nearly six years. 

This trend highlights growing confidence among large investors, as market analysts see this opportunity for investors to accumulate more BTC at lower prices. 

According to market intelligence platform Santiment, wallets with over 10,000 Bitcoin have gained the most from recent market fluctuations. These large addresses, likely consisting mainly of exchange liquidity providers, have accumulated an additional 212,450 BTC, increasing their holdings by 1.05% of the total Bitcoin supply.