On-chain analytics firm Santiment has unveiled compelling data indicating an upswing in the number of addresses holding substantial amounts of Bitcoin (BTC). Since the initiation of the ongoing Bitcoin bull market on October 10, 2021, the number of addresses holding 100 or more BTC has witnessed a remarkable surge of 1,582. This suggests a growing accumulation trend among investors as Bitcoin's value continues its upward trajectory. This data underscores the bullish sentiment prevailing in the cryptocurrency market and signals a potential shift towards long-term holding strategies among Bitcoin enthusiasts. As the cryptocurrency matures and gains wider adoption, it will be intriguing to observe the evolving distribution of Bitcoin holdings across various address types.

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