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

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.

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• 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.

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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.

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