Data: From mid-July, the group of addresses holding 100 to 1000 BTC increased their holdings by 114,000 BTC

According to Santiment data, address clusters holding 100 to 1000 BTC have cumulatively increased their holdings by approximately 113,950 BTC since mid-July, and the total BTC holdings of such wallets is currently about 5.24 million BTC.

Analysis suggests that these medium-sized whales continue to accumulate, reflecting that some large holders are still increasing their BTC exposure amid recent market volatility. If this accumulation trend continues, it may further reduce the selling pressure of circulating tokens in the market and provide support for subsequent price rebounds. Meanwhile, this trend also indicates that market funds are not generally choosing to exit during price fluctuations, as some investors with larger positions are still accumulating BTC on dips.