Number of Bitcoin wallets holding 100–1K BTC soars after Tesla’s $1.5B buy-in
New data shows a dramatic rise in the number of Bitcoin wallets holding anywhere between 100 BTC to 1,000 BTC — but there may be a catch. The amount of Bitcoin (BTC) held by whales increased by around 14% after Tesla announced its foray into the cryptocurrency sector in early February 2021.The latest data from on-chain analytics platform Glassnode shows an inflow of roughly $19.5 billion worth of Bitcoin — according to current exchange rates — into wallets that hold at least 100 BTC and a maximum of 1,000 BTC. The deposits spiked right after Tesla revealed in its January securities filings....
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With the number of “wholecoiner” Bitcoin wallets holding at least 1 BTC increasing every year, the remaining addresses represent just 5% of Bitcoin’s market cap. New data suggests that “wholecoiners” — Bitcoin wallets holding 1 BTC or more — now account for 95% of the cryptocurrency’s entire capitalization. That leaves just 5% of the market cap divided among tens of millions of users with a balance below 1BTC.The total number of wholecoiner addresses has steadily increased year-over-year since 2009, despite BTC's astronomic price rallies. On Nov. 27, Glassnode CTO Rafael Shultze-Kraft....
Wallets once again appear to be accumulating cryptocurrency at an increasing rate. More than 16,159 Bitcoin wallets now hold 100+ BTC, according to analytics data provider Glassnode. A report Monday from the company stated that this figure tests the previous six-month high of 16,158, last seen on June 8.Glassnode additionally shared that the number of non-zero Bitcoin addresses reached an all-time high of 31,913,3555 on Monday; approximately 5,000 of these were recorded within the past 24 hours.On Oct. 5, Cointelegraph reported that analyst and market cyclist Cole Garner had highlighted a....
The number of wallets holding over 10K ETH has hardly dropped in four weeks. The number of addresses holding more than 10,000 ETH has hardly changed since the asset hit an all-time high of $2,050 on Feb. 20.In fact, according to data from Santiment, the number of wallets holding over 10K ETH — worth around $17.7 million at current prices — has declined by just 0.9% over the past four months. That compares to a 7.2% fall in the number of wallets holding 100 to 10K ETH according to the analytics provider.A possible explanation for the divergence is that the whale addresses may be owned by....
A sharp fall in the cryptocurrency's price in May and June appears to have coincided with the increase in wallet addresses holding more than one Bitcoin. Smaller Bitcoin (BTC) investors have found a unique opportunity during the crypto slump to snap up their favorite cryptocurrency. The number of "wholecoiners" has surged by 40,000 since the June slump alone. According to LookIntoBitcoin, the number of BTC “wholecoiners” has been steadily increasing since January 31, when the BTC price was around $38,000.However, Bitcoin’s price fell around 27% in May and another 40% in June, the same....
On-chain data shows the number of Bitcoin wallets with a non-zero balance has set a new all-time high above 40 million. Number Of Bitcoin Wallets With Non-Zero Balance Hits New ATH As per the latest weekly report from Glassnode, the number of BTC wallets that hold a non-zero amount of coins has now reached a […]