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<p class="is-style-lead">The Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) price has struggled around $26,000 after Elon Musk’s spacecraft manufacturer SpaceX dumped its BTC holdings.&nbsp;</p> 
<p>On the other hand, Glassnode data suggests that the number of wallets holding at least 1 BTC has reached an all-time high (ATH) of 1,015,299 despite the bearish market sentiment.</p> 
<p>Per the on-chain data provider, the addresses have risen since late 2021, when BTC hit an ATH of $68,790.</p> 
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   <p lang="en" dir="ltr">📈 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> Number of Addresses Holding 1+ Coins just reached an ATH of 1,015,299<br><br>Previous ATH of 1,015,241 was observed on 20 August 2023<br><br>View metric:<a href="https://t.co/s7tx1xxyz3" target="_blank" rel="noopener noreferrer nofollow">https://t.co/s7tx1xxyz3</a> <a href="https://t.co/DsYGzzLEhV" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DsYGzzLEhV</a></p>— glassnode alerts (@glassnodealerts) <a href="https://twitter.com/glassnodealerts/status/1693522245665140814?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 21, 2023</a> 
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<p> You might also like: <a href="https://crypto.news/bnbchains-cross-chain-bridge-exploit-shakes-crypto-community/" rel="noopener noreferrer nofollow"> BNB Chain’s cross-chain bridge exploit shakes crypto community </a> </p> 
<p>Moreover, BTC short-term traders have also risen with the recent price downturn. According to Glassnode, the amount of BTC supply active between a week and one month just dropped to 680,353.028 BTC, marking a 30-day low.</p> 
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   <p lang="en" dir="ltr">📉 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> Amount of Supply Last Active 1w-1m (1d MA) just reached a 1-month low of 680,353.028 BTC<br><br>View metric:<a href="https://t.co/daWGzpwg77" target="_blank" rel="noopener noreferrer nofollow">https://t.co/daWGzpwg77</a> <a href="https://t.co/gJ8VYNBGmn" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/gJ8VYNBGmn</a></p>— glassnode alerts (@glassnodealerts) <a href="https://twitter.com/glassnodealerts/status/1693522240531320860?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 21, 2023</a> 
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<p>Short-term holders and traders rose after SpaceX <a href="https://crypto.news/spacexs-bitcoin-dump-triggers-chain-reaction-liquidations-surpass-1-billion/" rel="noopener noreferrer nofollow">dumped</a> all of its BTC holdings. Per the crypto.news report, the aerospace company accumulated roughly $373 million worth of Bitcoin in 2021 and 2022.&nbsp;</p> 
<p>Shortly after the news about SpaceX’s BTC digestion emerged, the number of crypto liquidations surpassed the $1 billion mark. Per the report, 83% of the liquidations belonged to long positions.</p> 
<p>Furthermore, Bitcoin is still down by 0.3% in the past 24 hours and is trading at $25,990 at the time of writing. BTC’s 24-hour trading volume also plunged by 2.5%, currently at $9.4 billion.</p> 
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   BTC price – Aug. 21 | Source: Trading View 
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<p>Bitcoin briefly touched a 24-hour-high of $26,260 on Aug. 20. BTC’s market cap still stands above the $500 billion mark with a 48% market dominance.&nbsp;</p> 
<p> Read more: <a href="https://crypto.news/binance-contemplates-legal-action-following-breakup-with-checkout-com/" rel="noopener noreferrer nofollow"> Binance contemplates legal action following breakup with Checkout.com </a> </p>

BTC struggles around $26k as SpaceX drops its holdings

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