Santiment reports that wallets holding 10 or more bitcoins have recently reached parity in number with wallets from two years ago. Since then, much has changed, including a 226% increase in Bitcoin's market value.

Many believe that FTX successfully suppressed cryptocurrency prices in the second half of 2022. However, since the exchange's collapse in November 2022, there has been undeniable similarity in correlation between wallets holding 10+ BTC and the overall market value of the coin.