While micro investors in Bitcoin reached an all-time high, addresses holding at least 100 BTC fell to a 4-month low.


Bitcoin's Micro Investors Realized ATH
The latest data analysis shows that addresses holding 0.01 Bitcoin or less have reached an all-time high. This growth marks five significant accumulation events pioneered by this group in the last five years. This trend shows that these 'micro investors' are steadily increasing their holdings in the Bitcoin market, regardless of the amount they own.
But it's important to note that the Bitcoin ecosystem is still dominated by a smaller, arguably wealthier cohort. The continued accumulation of this small cohort highlights the density of Bitcoin's ownership structure, which is frequently cited within the crypto community. However, an influx of small-scale investors could ease this concern, as they could contribute to Bitcoin's distribution, easing its asset concentration over time.
The number of addresses containing 0.01 Bitcoin or less is approaching 37 million, and the 30-day change of addresses for this cohort has increased by 885,000. This insight highlights the dual dynamic in the Bitcoin market: the consistent accumulation of smaller holders, despite the continued dominance of a relatively smaller group of large holders.
Bitcoin Whales Are Decreasing Their Assets
According to the information received today, the number of addresses holding at least 100 Bitcoin dropped to the lowest level in the last 4 months with 15,968. Addresses holding at least 100 BTC have entered a downward trend since mid-August. This coincides with the time when Bitcoin experienced a sharp decline. A decrease in this number indicates that large investors tend to sell their assets.
Whales selling their BTC assets could put pressure on the price and cause the price to drop further. Addresses holding more than 100 BTC rose from late July to mid-August, but then began to decline rapidly.
It is observed in the chart that the price of Bitcoin increases with the increase in addresses holding 100 BTC. The correlation between these two metrics needs to be monitored to predict how the price may move in the future.
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SAVASvip
· 2023-09-18 12:49
Thanks for information
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AhZuNevip
· 2023-09-18 10:21
Thank you for the information
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