The number of bitcoin wallet addresses with one bitcoin or more increased by 13,091 in the last week . The total number of wholesalers increased to about 865,000 .
Small wallet addresses containing 0.1 bitcoin or more continue to accumulate bitcoins at a rapidly increasing rate.
In the last week, the number of bitcoin wallet addresses containing one BTC or more has increased by 13,091. The total number of “wholesalers” rose to 865,254.
The number of whole coins increased sharply during the price drop:
By Glassnode
This is growing the ecosystem, which is definitely good for the ecosystem. As Christian Ander, founder of the Swedish Bitcoin exchange BT.CX, said, “People believe strongly in the future of the Bitcoin network and the value of the currency.
Overall, the network has added more than 14,000 whole coins since the market dipped to $30,000, and the number continues to grow .
The number of addresses buying 0.1 BTC (about $2,000) or more also rose sharply during the market decline.
By Glassnode
This is growing the ecosystem, which is definitely good for the ecosystem. As Christian Ander, founder of the Swedish Bitcoin exchange BT.CX, said, “People believe strongly in the future of the Bitcoin network and the value of the currency.
Overall, the network has added more than 14,000 whole coins since the market dipped to $30,000, and the number continues to grow.
The number of addresses buying 0.1 BTC (about $2,000) or more also rose sharply during the market decline.
By Glassnode
At the same time, wallets holding more than 100 BTC are slowly decreasing
in number and has already decreased by 136.
Gradually, the distribution of funds within the ecosystem is becoming more equitable. The severity of the bear market is questionable, looking at the fact that more than half of the bitcoin addresses (56.2%) were worth more than when their coins arrived on them.
Over the weekend, bitcoin hit a 19-month low of 18,600 and analysts are preparing for a pullback from the highs to 84.5%.
Bitcoin is now showing signs of recovery and is trading at $ 21,475 as of this writing.
By Tradingview
Usually the price bottom always corresponds to the fact that less than half of holders remain in profit, respectively, at the moment the bottom has not yet been reached, given these historical data, and the main cryptocurrency still has room to fall. The largest realized losses in 24 hours in the amount of $ 4.76 billion were recorded on June 13.
Analysts say more liquidations in the ecosystem will likely be needed to finally bottom out. For now, while the price movement has weakened in recent days, the costs for short positions are increasing.
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