According to Binance, the number of Bitcoin wallets with a balance of $100 or more reached an ATH, increasing by 25% over the past year, reaching nearly 30 million wallets by early 2025.

This represents a significant increase in the number of new participants in the market, signaling renewed confidence and optimism in Bitcoin. Historically, these large increases in the number of wallets have occurred during bull cycles, such as 2017, 2021, and most recently in mid-2024 when Bitcoin surpassed $100,000.