Crypto News

The population of bitcoin whales has sharply increased

The number of investors holding large reserves of BTC is approaching the level of the bullish run to $20,000.

According to information Glassnode from the beginning of January 2020 the number of bitcoin addresses, which owns 1000 BTC or more has increased significantly.

According to analysts, currently on the market such 1882 whale. The last time the market showed such figures in 2017 before the race to $20,000. However, the same number of whales kept the huge reserves of bitcoin in March 2016 when BTC was trading below $420.

The report stated:

The price of BTC now is 20 times higher than in 2016. This means that whales have become richer. However, the average balance of each whale gradually decreased. Now their average bitcoin balance lower than in the 2016 and lower in dollar terms than in 2017.

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