• Login
Crypto Newsmart
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
No Result
View All Result
Crypto Newsmart
No Result
View All Result

149,961 Bitcoin Addresses Hold at Least 10 BTC

10 months ago
in Crypto Updates
Reading Time: 3 mins read
149,961 Bitcoin Addresses Hold at Least 10 BTC
32
VIEWS
Share on Facebook

Despite the latest correction in the crypto market, the total number of Bitcoin whales has increased substantially in the last few months. On 18 August, the number of BTC addresses with at least 10 coins touched 149,961, which is the highest level since February 2021.

Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

In addition to the latest surge in large BTC addresses, the Bitcoin supply that was last active approximately 10 years ago touched an all-time high on Thursday. According to Glassnode, a leading on-chain analytics platform, more than 2.5 million coins were last active in 2012.

In the past week, Bitcoin witnessed a sharp decline in its value as the world’s most valuable digital currency dipped by almost 9%. The crypto asset currently has a market cap of more than $420 billion.

“Currently, supply active 1+ years sits just below the previous ATH set in May 2022 at 65%. This highlights the significant conviction of May-July 2021 buyers after the great miner migration. The equilibrium over the last three months indicates that coin maturation is in balance with spending. This can be considered a constructive mechanic within a bear market,” Glassnode noted in its recent report.

Keep Reading

Bitcoin Holders

Glassnode’s data shows that the total number of addresses with at least one Bitcoin reached an all-time high of 896,735 on Friday. The figure has jumped substantially since the start of 2021. Another trend that was evident in the recent market correction was the consistent outflows of crypto tokens from leading digital exchanges to cold wallets.

“Year to date, exchange outflows have continued with generally increasing intensity as prices declined. This underscores a persistent structural demand, from both small and large investors, for sovereign self-custodial assets. On balance, Exchanges have seen a net outflow of -100K BTC following the May 2022 LUNA capitulation, which accounts for 3.2% of the total outflows since the March 2020 ATH,” Glassnode added.

Despite the latest correction in the crypto market, the total number of Bitcoin whales has increased substantially in the last few months. On 18 August, the number of BTC addresses with at least 10 coins touched 149,961, which is the highest level since February 2021.

In addition to the latest surge in large BTC addresses, the Bitcoin supply that was last active approximately 10 years ago touched an all-time high on Thursday. According to Glassnode, a leading on-chain analytics platform, more than 2.5 million coins were last active in 2012.

Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

In the past week, Bitcoin witnessed a sharp decline in its value as the world’s most valuable digital currency dipped by almost 9%. The crypto asset currently has a market cap of more than $420 billion.

“Currently, supply active 1+ years sits just below the previous ATH set in May 2022 at 65%. This highlights the significant conviction of May-July 2021 buyers after the great miner migration. The equilibrium over the last three months indicates that coin maturation is in balance with spending. This can be considered a constructive mechanic within a bear market,” Glassnode noted in its recent report.

Keep Reading

Bitcoin Holders

Glassnode’s data shows that the total number of addresses with at least one Bitcoin reached an all-time high of 896,735 on Friday. The figure has jumped substantially since the start of 2021. Another trend that was evident in the recent market correction was the consistent outflows of crypto tokens from leading digital exchanges to cold wallets.

“Year to date, exchange outflows have continued with generally increasing intensity as prices declined. This underscores a persistent structural demand, from both small and large investors, for sovereign self-custodial assets. On balance, Exchanges have seen a net outflow of -100K BTC following the May 2022 LUNA capitulation, which accounts for 3.2% of the total outflows since the March 2020 ATH,” Glassnode added.

Source link

Is crypto the future?

Crypto Bots Review (3Commas)

Tags: AddressesBitcoinBTChold

Related Posts

Want to Become an Ethereum Validator? You Have to Wait 45 Days and Here’s Why
Crypto Updates

Want to Become an Ethereum Validator? You Have to Wait 45 Days and Here’s Why

4 June 2023
Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches
Crypto Updates

Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches

2 June 2023
IRS Can Access Your Coinbase Trade Records, John Doe Summons Valid
Crypto Updates

IRS Can Access Your Coinbase Trade Records, John Doe Summons Valid

1 June 2023
Debt Default – How Bitcoin and Ethereum Could Be Affected- Cryptonewsmart
Crypto Updates

Debt Default- How Bitcoin and Ethereum Could Be Affected- Cryptonewsmart

30 May 2023
6 Meme Coins that reach 100x within a week
Altcoin

6 Meme Coins that reach 100x within a week

9 May 2023
Bali Warns Tourists Against Using Crypto for Payments
Crypto Updates

Bali Warns Tourists Against Using Crypto for Payments

30 May 2023


  • Trending
  • Comments
  • Latest
Breaking Barriers: How Bitcoin Can Transform The Real Estate Industry

Breaking Barriers: How Bitcoin Can Transform The Real Estate Industry

2 June 2023
Ethereum (ETH) Price on Cusp Of Major Breakout

Ethereum (ETH) Price on Cusp Of Major Breakout

2 June 2023
Logic Error in Latest NFT Contract Costs ben.eth 100 ETH in Potential Profits

Logic Error in Latest NFT Contract Costs ben.eth 100 ETH in Potential Profits

2 June 2023
Should A Bitcoin Wallet Have Rights?

Should A Bitcoin Wallet Have Rights?

1 June 2023
Memorial Day Reflections: Reinvigorating Critical Thought, Bitcoin Can Honor Service Members

Memorial Day Reflections: Reinvigorating Critical Thought, Bitcoin Can Honor Service Members

29 May 2023
Want to Become an Ethereum Validator? You Have to Wait 45 Days and Here’s Why

Want to Become an Ethereum Validator? You Have to Wait 45 Days and Here’s Why

4 June 2023
Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches

Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches

2 June 2023
Logic Error in Latest NFT Contract Costs ben.eth 100 ETH in Potential Profits

Logic Error in Latest NFT Contract Costs ben.eth 100 ETH in Potential Profits

2 June 2023
Breaking Barriers: How Bitcoin Can Transform The Real Estate Industry

Breaking Barriers: How Bitcoin Can Transform The Real Estate Industry

2 June 2023
Ethereum (ETH) Price on Cusp Of Major Breakout

Ethereum (ETH) Price on Cusp Of Major Breakout

2 June 2023

  • Home
  • Disclaimer
  • Privacy Policy
  • Digital Millennium Copyright Act Policy (DMCA)
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
CRYPTO NEWSMART

Copyright © 2021 Crypto Newsmart.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE

Copyright © 2021 Crypto Newsmart.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent

We use cookies to optimise our website and our service.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Preferences
{title} {title} {title}