Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

​The number of Bitcoin holders has grown to a record level

Bitcoin: ​The number of Bitcoin holders has grown to a record level

A recent analysis of data has revealed a significant rise in the accumulation of Bitcoin by large holders. As per the details shared by Ki Young Ju, the CEO of #CryptoQuant, the inflow of Bitcoin into investor wallets has surged to a record high of 25,300 coins.

The growth of holders is scrutinized based on specific conditions. Wallets holding a minimum of 10 BTC without any outward transactions are considered. Addresses linked to centralized #exchanges or #miners are excluded from this analysis. Moreover, wallets that have received over 2 incoming transactions and have been active for the past 7 years are taken into account.

Past data presented by the analyst indicates that the accumulation of Bitcoin in wallets peaks just before the price surge of the leading cryptocurrency. This rise in the number of coins in #wallets reflects the intentional actions of major holders to amass Bitcoin reserves well ahead of price spikes, rather than during market peaks.

The strategic accumulation of cryptocurrency by investors highlights the intricate dynamics of the digital asset market. With Bitcoin remaining a focal point for users and analysts, these trends offer valuable insights into the behavior of the asset and potential future price movements.

In contrast, analysts have observed a decrease in Bitcoin holdings in centralized exchange wallets. Experts attribute this to the growing optimism among investors, who anticipate further price appreciation due to the broader acceptance of Bitcoin and the emergence of spot #Bitcoin-ETFs.

Nevertheless, analysts also point out the issues faced by #FTX, #Celsius, and #Binance, which might have prompted users to withdraw funds from trading platforms for security and #regulatory compliance purposes.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Press Releases: EvoSim Universe, A Novel Mobile-Data Monetisation App, Reaches 10,000 Unique Wallet Addresses, Accelerating Adoption Across the Globe
Dubai, United Arab Emirates, 15 July – EvoSim Universe has reached a significant milestone, with 10,000 unique wallets now registered on its platform..
Press Releases: Exploring Demo Trading in Cryptocurrency: A Guide for Beginners from Biconomy.com Exchange
In the fast-paced world of cryptocurrency trading, where fortunes can be made or lost in minutes, demo trading stands as a crucial tool for both beginners and experienced traders alike..
Press Releases: Mind Network Alpha Mainnet Launch: A Fully Homomorphic Encryption Driven Restaking Layer for AI and POS Networks
We are excited to announce the Alpha Mainnet launch of Mind Network, a Restaking Layer that leverages Fully Homomorphic Encryption (FHE) technology and is designed to enhance the security..
Press Releases: Brett Launches its $BRETT Memecoin on TON Blockchain With a Splash of Fun and Humor
Brett, a leading memecoin sensation platform, has announced the launch of its $BRETT memecoin on TON (The Open Network) blockchain, inspired by Matt Furie’s quirky character, Brett..