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The Number of Addresses Holding More Than 100 BTC Has Reached A Four-Month Low

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Well, as much as this indicator is a viable determinant, I think it's also important we look at the trend in the number of wallets holding at least 1 BTC which is also at a 4 years high. So, what it means is that as much as whales sell, new BTC maximalist are buying them off the market making it more scarce. And when you factor in the effect of the next halving in the next couple of months and the increasing difficulty in mining BTC, you'll realize that it's just a matter of time before the bulls arrive.

So, for me, the strategy still remains "be patient and hold on to your HODL"!!

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