According to Santiment data, the Bitcoin and altcoin markets have performed strongly before Christmas, with the Bitcoin price rebounding to $99,000. On-chain data shows the distribution of Bitcoin wallet addresses as follows: there are 50.17 million addresses holding 0-0.1 BTC, 4.31 million holding 0.1-10 BTC, 150.13 thousand holding 10-1,000 BTC, and 2,050 addresses belonging to large holders and whales holding more than 1,000 BTC. Analysis suggests that if the number of large holders and whale wallets continues to grow and maintain an accumulation trend, the bull market is likely to persist.