Recall that weeks ago, the number of individuals with Bitcoin (BTC) assets of 0.1 coins or more had broken new all-time highs.
The data obtained by Glassnode recently shows the number of Bitcoin wallets holding 0.1 BTC or more reaching a new record high of 3,054,282, beating out May 21’s previous record by about 212 addresses.
In addition, as transaction numbers in BTCs market keep hitting record highs, the amount of dollars that buyers invested in $BTC just made a new all-time high. This shows that something big is about to happen in the flagship cryptocurrency market.
The amount of USD that buyers invested in $BTC just made a new all-time-high.
Realized market cap measures the value of all coins at the price they last transacted.
“Though the [bitcoin] bubble collapsed as dramatically as it inflated, bitcoin has rarely traded below the cost of production, including the very disorderly conditions that prevailed in March,” said JPMorganexpertsin a report led by the head of U.S. interest rate derivatives strategy, Joshua Younger and cross-asset research analyst, Nikolaos Panigirtzoglou.
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