The number of addresses holding between 100 and 1000 bitcoins has increased during this period.
According to Jinse Finance, Cryptoquant analyst Maartunn has released a chart showing that during this cycle, the number of addresses holding more than 1,000 bitcoin is rapidly decreasing. Meanwhile, the number of addresses holding between 100 and 1,000 bitcoin is increasing. This reflects that bitcoin supply is shifting from large entities to smaller ETF custody wallets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot gold rises over $10 in the short term, breaking above $4,230 per ounce
Infrastructure software provider Antithesis completes $105 million Series A funding round, led by Jane Street
Georgia signs memorandum of understanding with Hedera to explore on-chain real estate registration and tokenization
Trending news
MoreCrypto prices
More
