Addresses Holding At Least 1 Bitcoin Have Reached An All-Time High Of 873,043

According to data from Glassnode, the number of addresses holding at least one BTC reached an all-time high of 873,043.

The dramatic increase in the number of bitcoin holders may be due to strengthened trust, accumulating to get their first bitcoins in a long-term holding plan.

Investors and organizations who have been in the cryptocurrency game for a long time have taken advantage of the crypto winter to accumulate more BTC and other cryptocurrencies.

Bitcoin seems to be struggling to keep its support at $20.000 as it tends to rise slightly and eventually fall back. 

Bitcoin investors steadily hold their money despite the fall in price in 2022. Glassnode’s report also states that bitcoin is trading well below its fair value.

The number of active BTC addresses remains at about 800k per day. 

With nearly 124 billion dollars withdrawn in six weeks, the Ethereum DeFi market also witnessed a sizeable average decline. ETH investors are also at the bottom of their spot positions.

BTC has suffered a lot during the recent cryptocurrency crisis. Tight monetary policy, declining speculative trends, and collapsing digital asset businesses contributed to the widespread decline in cryptocurrencies in 2022. 

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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