On the eve of halving, the number of bitcoin whales has grown to a two-year high



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On the eve of halving, the number of bitcoin whales has grown to a two-year high

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The number of addresses on which more than 1000 BTC is concentrated has reached a two-year maximum. At the same time, growth dynamics indicate that Bitcoin holders are accumulating positions, according to a new GlassNode report.

Analysts also note that the number of whales increased before the March market collapse, but has now accelerated, which is an occasion for optimism.

There is still a certain distance to the values โ€‹โ€‹of the end of 2017, but then the levels fell at the beginning of the period of surrender of investors.

During the accumulation stage, the current trend is comparable only with indicators that could be observed at the beginning of 2016.

Such a pattern, they say in Glassnode, is of particular interest if you take into account the latest and upcoming halving in May.

Earlier today, analysts also noticed that the number of wallets containing at least one bitcoin reached a new historical record: 802 715. The previous record was recorded only two days ago, on April 8.

๐Ÿ“ˆ #Bitcoin $ BTC Number of Addresses holding 1+ coins just reached an ATH of 802,715.000

Previous ATH of 802,567,000 was observed on 08 April 2020

About who provoked the March market crash – whales or beginners, read the special material.

On the eve of halving, the number of bitcoin whales has grown to a two-year high



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