The Recent Uptrend
The number of Bitcoin addresses holding at least 100 BTC has recently spiked to almost 16,000, with participants collectively owning 11.5 million BTC. This surge in ownership has seen an increase of almost 28,000 BTC in the last 12 weeks.
Main Breakdowns
– Bitcoin addresses holding at least 100 BTC have reached almost 16,000.
– These addresses collectively own 11.5 million BTC.
– In the past three months, these holders have purchased 27,755 BTC.
– The total value of the BTC owned by these addresses is $334 billion.
– These addresses hold nearly 60% of the total circulating supply of BTC.
Rising Interest and Optimism
Bitcoin sharks and long-term holders have shown a growing interest in the leading digital asset, especially during the first half of the year when its price climbed above $30,000. Additionally, the sector received a boost of optimism with the announcement of applications from finance giants like BlackRock, Invesco, and VanEck, who have all filed to launch a spot BTC ETF in the United States.
Hot Take
The increasing number of Bitcoin addresses holding significant amounts of BTC reflects a growing confidence and interest in the cryptocurrency. With major finance players showing interest in launching BTC ETFs, it suggests a positive outlook for the future of Bitcoin.
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