The number of wallets holding 0.0001 or less BTC has increased by 75% in the past 52 weeks
BitInfo Charts data shows that in the past 52 weeks, the number of wallets holding 1000 or more BTC has increased by nearly 3.5%. Meanwhile, the number of wallets holding 0.0001 or less BTC has increased by 75%, while the number of wallets holding between 1 and 10 BTC seems to be shrinking. Specifically, the number of wallets holding between 1 and 10 BTC decreased by about 0.35%, and those with between ten to a hundred fell over three percent. The only group not growing is those with one hundred thousand or more bitcoins.
On another note, there was a decrease in wallet numbers for those containing ten thousand or more bitcoins at around -3.88% but an increase for those having from one thousand up to ten thousand bitcoins at approximately +3.43%. It's important to note that these figures do not necessarily represent individual bitcoin users as many can be associated with either one person or organization; others might have been abandoned.
Statistically speaking, this suggests that a significant portion of mid-level Bitcoin holders have fallen back from ranges of one to a hundred down towards near-zero levels. If so, then as per October-2023 data, many among them who had their holdings valued anywhere from $26,542 up till $2,654200 saw reductions during last year's period.
On a positive note though since early-2024 onwards there has been roughly twenty-five percent growth in terms of wallet counts where each held Bitcoins worth over million dollars.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trending news
MoreNokia (NOK.US) expands cooperation with telecom operators in Brazil and Germany, continues to strengthen AI data center business
Venture Global, Inc. has reached a long-term supply agreement to provide the buyer with approximately 0.5 Mtpa of U.S.-produced liquefied natural gas annually for a five-year period starting in 2026.