Dramatic slide in Bitcoin ‘small holders’ sparks market intrigue

2023-10-10 20:30

Quick Take

In a noticeable shift in Bitcoin ownership trends, the number of addresses holding a balance of 1 Bitcoin or less has breached the one million mark since this past summer. This development indicates a growing interest among smaller investors, potentially hinting at a broader democratization of Bitcoin ownership.

Conversely, there has been a significant decline in addresses last week holding one Bitcoin or less. In fact, the ecosystem experienced a drop of over 2,500 addresses, which represents the single most dramatic decrease recorded in over two years. This substantial reduction may suggest a movement of larger sum holders either exiting the market or redistributing their holdings across multiple addresses, a pattern worth scrutinizing for its potential impact on the market.

While these findings point towards a changing pattern in Bitcoin ownership, the long-term implications on market dynamics remains to be ascertained.

Address Balance: (Source: Glassnode)

The post Dramatic slide in Bitcoin ‘small holders’ sparks market intrigue appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61430.88 (-0.51%)
Объем 24H $25.918b
Изменеия 24h: -2.18 %, 7d: -3.51 %
Cегодня L: $61430.88 - H: $63088.03
Капитализация $1210.075b Rank 1
Цена в час новости $ 27609.45 (122.5%)

bitcoin ownership million indicates development mark past

Источник: cryptoslate.com

bitcoin ownership → Результатов: 126


Morgan Stanley to add Bitcoin as eligible investment to multiple institutional funds

After reports surfaced earlier about Morgan Stanley’s intention to reportedly provide its clients access to funds that will allow Bitcoin ownership, the investment banking firm has now decided to enThe post Morgan Stanley to add Bitcoin as eligible investment to multiple institutional funds appeared first on AMBCrypto.

2021-4-1 18:15


Фото:

Analysis Shows Bitcoin Whales Are Stockpiling, but ‘BTC Ownership Is Not Highly Concentrated’

During the last few months, a few reports from mainstream media (MSM) outlets tried to prove that a large sum of bitcoin is controlled by a small group of people. Recently, Bloomberg claimed that “2% of accounts control 95% of all bitcoin,” a claim that doesn’t hold weight to onchain analysts. On Tuesday, Glassnode researcher […]

2021-2-4 20:00


Фото:

Bitcoin Supply Held By Whales Skyrockets As Glassnode Debunks High BTC Ownership Concentration Report

The distribution of bitcoin on various addresses on the bitcoin network shows whale accumulation and activity but isn’t an accurate measure of bitcoin ownership around the world. This is according to a report by Glassnode Insights seeking to clarify another report by Bloomberg, which claimed that up to 95% of all BTC in circulation is […]

2021-2-4 16:55


MicroStrategy Pushes its Bitcoin Ownership well over $1 Billion with Latest Round of BTC Bet

MicroStrategy completed the sale of its $650 million convertible senior notes with an interest rate of 0.750%. The proceeds from the sale will be used to buy Bitcoin. “MicroStrategy intends to invest the net proceeds from the sale of the notes in bitcoin in accordance with its Treasury Reserve Policy pending identification of working capital […] The post MicroStrategy Pushes its Bitcoin Ownership well over Billion with Latest Round of BTC Bet first appeared on BitcoinExchangeGuide.

2020-12-14 16:33


Dutch Crypto Exchanges Want a Screenshot of Your Wallet to Prove the Legitimate Ownership of BTC

Bitcoin exchanges in The Netherlands are taking additional verification measures regarding BTC addresses in reference to the Dutch Central Bank (DNB)’s Sanction Act. One such exchange Bitonic announced on Monday that it is now “forced” by the DNB to provide additional details regarding the intention behind BTC purchases and the kind of wallet you are […] The post Dutch Crypto Exchanges Want a Screenshot of Your Wallet to Prove the Legitimate Ownership of BTC first appeared on BitcoinExchangeGuide.

2020-11-19 21:40


Фото:

Глава приложения Abra перевел половину личных сбережений в биткоин

Генеральный директор провайдера кошелька Abra Билл Бархидт заявил, что на биткоин приходится 50% стоимости активов его инвестиционного портфеля. A few weeks ago, I increased my ownership of #Bitcoin significantly and it’s now 50% of my investment portfolio.

2020-10-26 12:17


Фото:

Bitmain’s Power Tussle Reaches Fever Pitch As Micree Zhan Accuses Jihan Wu Of Illicit Actions

In the light of recent events, Bitmain’s ownership may soon be confronted with a dramatic upturn. On June 22, Micree Zhan, one of the co-founders of Bitmain, the largest bitcoin mining chip producers in China, issued a document against his founding co-partner Jihan Wu, accusing him of illicit actions which put a threat of him […]

2020-6-23 18:45


France Court Declares Bitcoin a Fungible Asset Like Money in a Crypto Ownership Dispute

Bitcoin has been declared a fungible intangible asset, which is an interchangeable good, in the Commercial Court of Nanterre, reported local media Les Echos. First, in France, the court decision allowed the legal nature of bitcoin, which was recently also declared a “Recognised Form of Investment,” by an Australian Judge in a Court Case Judgment. […]

2020-3-7 19:13


Фото:

23 Days Until a Bonded Courier Supposedly Delivers Keys to $8 Billion in BTC

In 23 days, the infamous self-proclaimed Bitcoin inventor Craig Wright will allegedly receive 1,100,111 BTC from a trust purportedly held in Seychelles. In fact, many Wright supporters and BSV proponents wholeheartedly believe Wright will “gain complete ownership of the trust,” and to a few of these individuals, the funds could be used to bring the […] The post 23 Days Until a Bonded Courier Supposedly Delivers Keys to $8 Billion in BTC appeared first on Bitcoin News.

2019-12-10 01:30


Bitcoin Mining Company Hut 8 Acquires 9 Datacenters From Bitfury For $7 Million

Hut 8 Mining Corp a Canadian crypto mining company has completed the set up of its mining farm at Drumheller after purchasing 9 data centers from Bitfury for $7 million. Andrew Kiguel, Chief Executive Officer of Hut 8 believed the purchase would allow the Drumhekker facility to be fully functional and provide the full ownership […]

2019-11-30 21:53


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

A Rant Against Ordinals

A case against Ordinals and Inscriptions, and why it is something people should not only not support, but speak against.