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Home Markets Cryptos

2,257 investors globally own at least 1,000 Bitcoins

Olumide Adesina by Olumide Adesina
November 23, 2020
in Cryptos
Crypto millionaire carts away with $224 million worth of Bitcoin, Whales transfer Bitcoins at an alarming rate, BTC whale moves 10,250 BTC valued at $95,000,000
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It’s no longer news that most Bitcoin wallets are now in profit. What seems to be trending now, is the number of investors owning at least 1,000 BTC –  hitting a record high, as data retrieved from Glassnode, a crypto analytic firm, revealed Bitcoin Number of Addresses Holding 1k+ coins just reached an ATH of 2,257.

READ: $66.5 billion worth of Bitcoin lost forever

  • Previous ATH of 2,256 was observed earlier today.
  • Metric Description: The number of unique addresses holding at least 1k coins.
  • At the time of drafting this report, Bitcoin traded at $18,456.68 with a daily trading volume of $32,979,859,228.
  • BTC price is up 0.0% in the last 24 hours.
  • It has a circulating supply of 19 Million coins and a max supply of 21 Million coins.

READ: Why Warren Buffett is making less money now

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Whales could be anticipating a strong medium to long-term Bitcoin price trend, and are choosing to hold on to BTC in expectation of a bull market.

Much of the recent increase can be attributed to wealthy entities withdrawing their BTC from the exchange. Apparently, this is not new wealth – rather, it represents a change in the way Bitcoin whales are choosing to hold their coins.

From a macro level, this increase in the number of BTC whales can be considered bullish.

READ: Bitcoin whale transfers $105 million worth of crypto, BTC trading at $15,800

Bottom Line

Nairametrics believes the increased buying pressures by such investors are partly responsible for the non-dilutable crypto recent highs.

READ: Ripple on fire, gains 14% amid record buying


Follow us for Breaking News and Market Intelligence.
Tags: BitcoinBTCBusiness NewsCryptocurrencyCryptocurrency News
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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