Reserve

United

Bitcoin

Blood

<div class="playHtListenArea" style="display:none;margin: 0;">
		<div id="playht-audioplayer-element" data-play-article="https://crypto.ro/en/?p=21578" data-play-audio="https://media.play.ht/full_-NVUXWg8LJUPSrzekEvU.mp3?generation=1684156332236061&alt=media">
		</div>
	</div>
	The number of Bitcoin wallet addresses holding at least one whole Bitcoin (BTC) has exceeded one million. This significant milestone was recorded on May 13, according to blockchain analytics firm, Glassnode.
<figure id="attachment_21579" aria-describedby="caption-attachment-21579" style="width: 1515px" class="wp-caption alignnone"><img decoding="async" class="wp-image-21579 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/05/Number-of-Bitcoin-wallets-holding-more-than-1-Bitcoin-since-inception.webp" alt="Number of Bitcoin wallets holding more than 1 Bitcoin since inception" width="1515" height="641" srcset="https://crypto.ro/en/wp-content/uploads/2023/05/Number-of-Bitcoin-wallets-holding-more-than-1-Bitcoin-since-inception.webp 1515w, https://crypto.ro/en/wp-content/uploads/2023/05/Number-of-Bitcoin-wallets-holding-more-than-1-Bitcoin-since-inception-300x127.webp 300w, https://crypto.ro/en/wp-content/uploads/2023/05/Number-of-Bitcoin-wallets-holding-more-than-1-Bitcoin-since-inception-1024x433.webp 1024w, https://crypto.ro/en/wp-content/uploads/2023/05/Number-of-Bitcoin-wallets-holding-more-than-1-Bitcoin-since-inception-768x325.webp 768w, https://crypto.ro/en/wp-content/uploads/2023/05/Number-of-Bitcoin-wallets-holding-more-than-1-Bitcoin-since-inception-750x317.webp 750w, https://crypto.ro/en/wp-content/uploads/2023/05/Number-of-Bitcoin-wallets-holding-more-than-1-Bitcoin-since-inception-1140x482.webp 1140w" sizes="(max-width: 1515px) 100vw, 1515px" title="Over one million Bitcoin wallets now hold a whole Bitcoin or more 3"><figcaption id="caption-attachment-21579" class="wp-caption-text">Quantity of Bitcoin wallets containing over 1 Bitcoin since the beginning | Glassnode</figcaption></figure>
Last year, the price of <a href="https://crypto.ro/en/bitcoin/">Bitcoin</a> plunged over 65%, prompting a spike in wallet addresses holding a minimum of one Bitcoin.
The most prominent surges coincided with the market crash in June and the<a href="https://crypto.ro/en/news/sam-bankman-fried-former-ftx-ceo-faces-7-class-action-lawsuits/"> bankruptcy filing of FTX</a> on November 11. From early February 2022, approximately 190,000 &#8220;wholecoiners&#8221; were added while Bitcoin&#8217;s price declined from its November 2021 peak.
This achievement occurs alongside a string of <a href="https://crypto.ro/en/news/chapter-11-bankruptcy-filed-by-svb-financial-group/">major bank failures in the United States</a> and signs that the <a href="https://crypto.ro/en/news/bitcoin-prices-react-to-latest-cpi-data/">Federal Reserve could pause interest rate</a> increases in the upcoming months.
In a recent tweet, Glassnode&#8217;s co-founder Negentropic shared his insights on the current Bitcoin market. Drawing from the well-known investment adage &#8220;Buy when there is blood in the streets,&#8221; he noted that a drop to $25.8K remains possible, as suggested by options market data.
However, Negentropic expressed confidence in a mid-term outlook of $35K for Bitcoin, as external pressures are expected to subside.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
&quot;Buy when there is Blood in the streets.&quot;
<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;" />$25.8k still remains a possibility, as indicated by the options market
<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f52e.png" alt="🔮" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Confident in our mid-term outlook of $35k as external pressures subside.
<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4bc.png" alt="💼" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Market pricing Fed pause in June, no rate cut &#8211; optimal for the run to $35k for… <a href="https://t.co/xBnIyHK5A0" rel="nofollow" target="_blank">pic.twitter.com/xBnIyHK5A0</a>
&mdash; 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) <a href="https://twitter.com/Negentropic_/status/1656976956934565888?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 12, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
It is crucial, however, to note that a single Bitcoin wallet address doesn&#8217;t necessarily correspond to one individual. Numerous crypto investors manage multiple Bitcoin addresses, while many others belong to large institutions, such as <a href="https://crypto.ro/en/education/best-crypto-exchange/">cryptocurrency exchanges</a> and investment firms that generally hold substantial Bitcoin quantities.
Data from <a href="https://www.coinglass.com/Balance" rel="nofollow noopener" target="_blank">CoinGlass</a>, a crypto analytics provider, reveals that out of approximately 19 million Bitcoin in circulation, 1.89 million BTC, equivalent to $50.7 billion, are held on major centralized exchanges like <a href="https://crypto.ro/en/exchange/binance/">Binance</a> and <a href="https://crypto.ro/en/exchange/gdax/">Coinbase</a>.
<figure id="attachment_21580" aria-describedby="caption-attachment-21580" style="width: 1095px" class="wp-caption alignnone"><img decoding="async" class="wp-image-21580 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/05/The-total-number-of-Bitcoin-held-on-centralized-exchanges.webp" alt="The total number of Bitcoin held on centralized" width="1095" height="385" srcset="https://crypto.ro/en/wp-content/uploads/2023/05/The-total-number-of-Bitcoin-held-on-centralized-exchanges.webp 1095w, https://crypto.ro/en/wp-content/uploads/2023/05/The-total-number-of-Bitcoin-held-on-centralized-exchanges-300x105.webp 300w, https://crypto.ro/en/wp-content/uploads/2023/05/The-total-number-of-Bitcoin-held-on-centralized-exchanges-1024x360.webp 1024w, https://crypto.ro/en/wp-content/uploads/2023/05/The-total-number-of-Bitcoin-held-on-centralized-exchanges-768x270.webp 768w, https://crypto.ro/en/wp-content/uploads/2023/05/The-total-number-of-Bitcoin-held-on-centralized-exchanges-750x264.webp 750w" sizes="(max-width: 1095px) 100vw, 1095px" title="Over one million Bitcoin wallets now hold a whole Bitcoin or more 4"><figcaption id="caption-attachment-21580" class="wp-caption-text">The aggregate sum of Bitcoin stored on centralized trading platforms | CoinGlass</figcaption></figure>
Moreover, an estimated 3 million BTC, valued at $80.4 billion and representing 17% of the total circulating supply, are believed to be &#8220;lost forever.&#8221; This estimate from <a href="https://insights.glassnode.com/bitcoin-liquid-supply/" rel="nofollow noopener" target="_blank">Glassnode</a> includes Bitcoin sent to &#8220;burn addresses,&#8221; wallets with lost keys, and large accounts that have stayed inactive for over a decade.

Over one million Bitcoin wallets now hold a whole Bitcoin or more

crypto.ro global

Outros artigos publicados em 16 de mai. de 2023

North Korean Hackers Steal Over $2.5 Billion in Crypto

SuperEx May Event Guide: Share 29,500 USDT Reward Pool!

Africa's Largest Economy Embraces Blockchain, Sets an Example for the Continent.

PEPE but on Solana and Other Web 3.0 Frogs Got A Bump on Pepe Coin Mania

OKX follows Binance in enabling support for Bitcoin Ordinals

OpenAI CEO in Advanced Funding Talks for $100 Million Worldcoin Project

Join our free newsletter for daily crypto updates!