Mid-Sized Bitcoin Wallets Add 113,950 Bitcoin as Price Rally Nears Test

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Ahmed Barakat

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Ahmed Barakat

Part of the Team Since

Mar 2024

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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CryptoNews Editorial Team

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The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for...

Last updated:

September 24, 2026

Wallets holding between 100 and 1,000 BTC have added 113,950 Bitcoin since July 15, lifting their combined holdings 2.22% to 5.24 million BTC, according to Santiment. The accumulation run coincides with Bitcoin price briefly tapping $87,000 earlier this week before retracing and stabilizing near $84,000.

Is this durable demand building a base for a breakout, or is it a squeeze-driven bounce that stalls the moment leverage unwinds?

Not everyone is convinced this move reflects a genuine shift in risk appetite. Trace Finance co-founder Bernardo Brites says that the speed of the recovery was partly a function of a short squeeze, and that the bigger question is where the new money is actually coming from.

Bitcoin Price Resistance Test Follows 113,950 BTC Accumulation

Mid-Sized Bitcoin Wallets Add 113,950 Bitcoin as Price Rally Nears Test

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