Rally

Satoshi

Bitcoin

Million

April

<p>Bitcoin’s liquidation is second, as the market goes crazy as the crypto market pumps following the ETH ETF approval rumor. Bitcoin’s total liquidations stand at $97.06 million, with $10.98 million in longs liquidated and $86.08 million in shorts liquidated.</p> 
<p>Bitcoin surged around 7%, currently standing at $71,078.15, in the past 24 hours. Bitcoin’s 24-hour trading volume surged by a staggering 129%, valued at $51.85 billion with a market capitalization of 1.40 trillion.</p> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/59Bg7E_VVSS-TTtgBUcAi-wWpvYDC0fHvhK1n4pNuzrrSQO4xLYMs3Zf-XeVPF4Q4QbeLqqfnQtukOpE7DKmFcBoWrCntymuXRJ0CRBVyD3AYLrfeFqDc4cvHeGicIYdHP8Sz4gBm3msWGTWshv3wzY" alt="59Bg7E VVSS TTtgBUcAi wWpvYDC0fHvhK1n4pNuzrrSQO4xLYMs3Zf XeVPF4Q4QbeLqqfnQtukOpE7DKmFcBoWrCntymuXRJ0CRBVyD3AYLrfeFqDc4cvHeGicIYdHP8Sz4gBm3msWGTWshv3wzY">
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   Image Source: <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noreferrer noopener">Coinglass</a> (Liquidation Heatmap)
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<p>Bitcoin holdings are steadily increasing as more and more wallet owners add Bitcoins to their assets. The number of Bitcoin addresses holding balances exceeding $1 million has soared to a record high of 112,743.</p> 
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  <img decoding="async" src="https://lh7-us.googleusercontent.com/eyY57fIXcbWhHE-eD4VK-FOMNtDvS6WBeA_a1UJxwrp3HE7todeyXbO9RXN-RHXvW0nrs9impsq48uPB-HYczf-4zi8_VUjOEPsg1Sai0N-miEWfwuXpvS1vtCyjpvRf0smoitPZeSKfJK3DW78yax4" alt="eyY57fIXcbWhHE eD4VK FOMNtDvS6WBeA a1UJxwrp3HE7todeyXbO9RXN RHXvW0nrs9impsq48uPB HYczf 4zi8 VUjOEPsg1Sai0N">
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   Image Source: <a href="https://studio.glassnode.com/metrics?a=BTC&amp;category=&amp;m=addresses.Min1MUsdCount" target="_blank" rel="noreferrer noopener">Glassnode</a> (Bitcoin addresses over the years holding at least $1M)
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<p>Edith Reads, the financial analyst, says that the unprecedented figure of 112,743 Bitcoin addresses with over $1 million underscores the increasing confidence among investors and the rising adoption by institutions.&nbsp;</p> 
<p>This milestone serves as a confirmation of Bitcoin’s utility as a store of value and signals substantial advancement in the broader acceptance of digital assets.</p> 
<p>In 2023, the number of Bitcoin addresses holding over $1 million surged by a staggering 237%, reaching more than 81,717 by the year’s end. By April 17th, 2024, the count had climbed to around 108,000.&nbsp;</p> 
<p>Among these holders, Satoshi Nakamoto, the enigmatic figure behind Bitcoin, remains the owner of the largest stash, totaling over 1.1 million BTC, valued at roughly $73 billion as of May 2024.</p> 
<p>This significant wealth is distributed across approximately 22,000 addresses and has largely remained untouched. Despite owning such a substantial portion of Bitcoin, it operates in a decentralized manner, meaning that no single entity, including its creator, can dictate its operations or underlying protocols.</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/05/21/bitcoin-etfs-see-237m-inflows-as-btc-surges-7-to-71000/" target="_blank" rel="noreferrer noopener">Bitcoin ETFs See $237M Inflows as BTC Surges 7% to $71000</a></p> 
</blockquote>

Bitcoin’s Liquidations Hit $97 Million Amid Market Rally

The Crypto Times

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