Despite Bitcoin Price Drop, the Number of Addresses Holding More Than 0.1 BTC Nears a New All-Time High

As the price of Bitcoin experiences a significant drop, data reveals a surprising trend: the number of addresses holding more than 0.1 BTC is nearing a new all-time high, indicating persistent confidence among small investors.

As the price of Bitcoin experiences a significant drop, data reveals a surprising trend: the number of addresses holding more than 0.1 BTC is nearing a new all-time high, indicating persistent confidence among small investors.

The recent correction in the crypto market has not discouraged small investors. On the contrary, it seems to have stimulated their appetite for Bitcoin.

According to data from Bitcoin Magazine Pro, the number of addresses holding more than 0.1 BTC (about $5,000 at the current rate) stands at 4,580,424, a figure close to the all-time high of 4,586,540 addresses.

This trend is particularly remarkable as it comes in a context of high volatility. The price of Bitcoin indeed went from a peak of around $67,500 to less than $50,000, before stabilizing between $50,000 and $60,000.

Despite this 24% drop from the all-time high, investors seem to view this correction as a buying opportunity rather than a warning signal.

A reliable indicator of the growing adoption of Bitcoin

Experts consider the increase in the number of addresses holding small amounts of BTC as a reliable indicator of crypto adoption. It indeed suggests the democratization of Bitcoin investment, beyond large institutional wallets.

This trend is part of a broader context of Bitcoin scarcity. Of the 21 million bitcoins that will ever be created, about 19 million have already been mined. Additionally, it is estimated that nearly 3 million bitcoins could be permanently lost, making each fraction of BTC even more valuable in the eyes of investors.

In short, the continuous influx of small investors into Bitcoin, despite market volatility, indicates lasting confidence in the long-term potential of the queen of cryptos. This metric, more stable than the price fluctuations, provides valuable insight into the real adoption of crypto.

The above is the detailed content of Despite Bitcoin Price Drop, the Number of Addresses Holding More Than 0.1 BTC Nears a New All-Time High. For more information, please follow other related articles on the PHP Chinese website!