Crypto News

The number of large holders of bitcoin is approaching a three-month high

Researchers from the team Glassnode drew attention to the sharp increase in the number of major bitcoin investors. The number of players approaching the level recorded at the end of 2017, when BTC reached $20 000.

In the expert community of large investors are often called “whales”. They own a thousand and more bitcoins and can provoke a rise in prices and the collapse of the value of the largest cryptocurrency at any time.

Analysts Glassnode found that the number of whales has been steadily increasing since the beginning of last year. In 2019 the number of bitcoin addresses with over 1000 BTC and rose by almost 9%. The same trend is dominating this year.

However, the experts also found that, for example, in 2016 the “whales” had more bitcoins than it is now. In dollar terms, the wealth of these investors are currently significantly lower than during the famous rally three years ago.

The researchers emphasize that many of the “bitcoin whales” are cholerae, that is, they do not sell coins, even during the fall in the value of the asset.

For example, when the market collapsed in mid-March, many of the big BTC holders refrained from selling crypto-currencies. Although bitcoin at the moment fell to an annual low of below $4000.

Source:

coinspot.io

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