Nearly 14% of total Bitcoin supply held by retail investors

Nearly 14% of total Bitcoin supply held by retail investors
фото показано с : coinjournal.net

2020-8-8 13:27

Bitcoin wallets holding 10 or fewer coins have surged to account for nearly 14% of total supply

According to data shared by analytics firm Glassnode, more and more of Bitcoin’s circulating supply is going into wallets controlled by small account holders.

The data suggests that Bitcoin is seeing an increased redistribution of its supply, with the percentage of supply held by large entities decreasing significantly over the same period.

Wallets with 0.1-10 Bitcoins surge

As Bitcoin price edges towards a retest of $12k, Glassnode data shows that demand for the cryptocurrency among retailers is as strong as it has ever been. This, according to the firm, is shown by the steady increase in the number of wallets holding up to 10 bitcoins.

While wallets with 0.1 or fewer bitcoins make up just 1% of supply, the total number of wallets holding between 0.1 and 1 bitcoins has grown from 0.89% in 2016, to levels of 3.6% today.

There has been a huge jump in the number of wallets with 10 or fewer bitcoins. Statistics show that wallets in this category have increased from about 5.1% to over 13.8% in the past five years.

The redistribution has also seen the percentage of wallets with between one to 10 bitcoins grow from 4.6% to 8.78%.

Chart showing the percentage of Bitcoin supply held by various categories of wallets. Source: Glassnode

The largest accounts, which hold more than 100,000, surprisingly saw a significant increase to rise from about 6% five years ago to around 13%. This percentage compares to the percentage of bitcoin supply held on exchanges, which saw a huge influx of Bitcoin after its rise to $20,000 during the last bull market.

Exchanges Reserves Drop By 4%

A chart shared by cryptocurrency analyst Cole Garner shows that the amount of Bitcoin reserves on exchanges recently plummeted by 4%; claiming it “dropped off a cliff.” The analyst suggests that the drop was occasioned by whales who “bought up the sell-off,” and that this is bullish for Bitcoin price.

Chart showing the 4% drop in exchange reserves on August 3. Source: Cole Garner on Twitter.

Bitcoin was trading at around $11,786 at the time of writing and could retest resistance at recent highs around $12,000.

The post Nearly 14% of total Bitcoin supply held by retail investors appeared first on Coin Journal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68362.3 (+0.07%)
Объем 24H $32.475b
Изменеия 24h: -1.37 %, 7d: -2.48 %
Cегодня L: $68289.6 - H: $68491.39
Капитализация $1347.063b Rank 1
Цена в час новости $ 11575.98 (490.55%)

bitcoin nearly retail held investors supply total

Источник: coinjournal.net

bitcoin nearly → Результатов: 126


April’s Bitcoin Price Surge Results in Direct Increase for BTC Blockchain Transaction Fees

The transaction fees of Bitcoin is on the rise again, after successfully hovering around the $0.50 mark over the last six months. Data obtained from Bitinfocharts on April 18, 2019, shows that average fees hit their highest levels in nearly a year in early April, and ever since then, average fees have swelled to around […]

2019-4-19 01:03


Фото:

Argentina Central Bank’s Inability to Stop Inflation is Forcing People to Bitcoin

As Argentina’s inflation rate skyrockets to its highest level since 1992, people are increasingly turning to Bitcoin as an alternative. Inflation in Argentina Surpasses 54 Percent Argentina’s central bank already tightened monetary policy three times in the last month, and inflation is still accelerating at a rate of nearly 55 percent.

2019-4-18 01:00


Bitcoin Price Abruptly Drops 4%, 12 Hours after Fresh 2019 High at $5,450 – Here’s Why

On April 10, the bitcoin price achieved a new 2019 high at $5,450 in major markets including the U. S. , accompanied by an increase in demand for bitcoin from accredited investors. Consequently, the premium of the Bitcoin Investment Trust (GBTC), a regulated bitcoin investment vehicle overseen by Grayscale, a cryptocurrency investment company with $1.

2019-4-11 13:27


Investor: If bitcoin breaks $6,200, it may mark the start of a major bull run

In the past week, the bitcoin price has increased by nearly 6 percent from around $5,000 to $5,300, following an initial 20 percent gain from $4,200 to $5,000. The short-term rally of the dominant cryptocurrency led to a swift change in the sentiment around the cryptocurrency market as it pushed other crypto assets like Ethereum and […] The post Investor: If bitcoin breaks $6,200, it may mark the start of a major bull run appeared first on CryptoSlate.

2019-4-11 05:40


Фото:

Coinmama Exchange Review 2019 – Is it 100% Legit and Safe?

Coinmama is a bitcoin broker that specializes in selling Bitcoins for credit card to nearly anyone in the world. This website also allowed you to buy Bitcoins with Western Union. However, it is no longer working with Western Union and it now offers direct sales of Bitcoin through the use of a credit card/debit card […] The post Coinmama Exchange Review 2019 – Is it 100% Legit and Safe? appeared first on CaptainAltcoin.

2019-4-9 23:45


Фото:

Aussie School’s Cryptocurrency Programs Attract International Attention

In August 2017, news. Bitcoin. com covered a number of cryptocurrency programs that were being offered to the students of Wooranna primary school in Victoria, Australia. Nearly two years later, the school’s cryptocurrency programs continue to thrive, with the students having recently interviewed Andreas Antonopolous, and attracted visitors from Europe, North America, and Asia.

2019-4-5 14:35


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Possible BNB Chain exploit sees $80K in BTC lost

BNB Chain loses $80K worth of Bitcoin in potential exploit, raising questions about the attacker's identity and intentions as a possible white hat hacker. The post Possible BNB Chain exploit sees $80K in BTC lost appeared first on Crypto Briefing.

Bitcoin stuck in accumulation range, but a breakout is near

Trader Rekt Capital forecasts an imminent Bitcoin breakout from its current $60K-$70K accumulation phase, with altcoins also set to rally. The post Bitcoin stuck in accumulation range, but a breakout is near appeared first on Crypto Briefing.