Santiment posted on the X platform that Bitcoin is about to reach a milestone, with the number of wallets holding at least 100 BTC exceeding 20,000. These wallets currently hold at least $6.78 million in value and are primarily owned by high-net-worth individuals, funds, long-term holders, or institutions. An increase in this number during or after a price decline can be seen as a bullish signal. However, to date, the overall supply ratio of key holders has not increased significantly, keeping prices low. The increase in the number of wallets holding 100 or more BTC indicates that holdings are distributed among more large holders, rather than being monopolized by a few. This shows a decrease in the concentration of top-level holdings. At the same time, compared to smaller retail wallets, wealth is concentrating in the hands of more powerful large holders. Therefore, this is not a minimal sign of decentralization, but it indicates that more independent entities have reached "whale" level. Historically, increases in the number of whale wallets have often occurred during accumulation phases, subsequently supporting price recovery. The growth in the number of wallets needs to match the growth in the overall supply held, with retail investors gradually selling their tokens to larger holders. History shows that this phase often occurs when retail traders panic sell or take profits too early.