10.3k wallets increased to 10+ BTC starting February 2022

Posted on

  • Bitcoin addresses holding 10 or more BTC soared 71% in just one year.
  • According to on-chain data, 10,279 new BTC wallets joined the group holding 10+ bitcoins between February 2022 and March 2023.
  • Wallets containing 10-100 bitcoins cumulatively hold 4.4 million BTC, or about 23% of the supply.

Whereas cryptocurrency prices As the bear market of 2022 plummeted, the entire industry saw massive contagion, with the number of addresses holding 10+ bitcoins continuing to grow. Purse This category is set to grow by 71% between February 2022 and March 2023.

10.3k addresses with 10+ BTC added since February 2022

According to the latest data from crypto analytics platform Sentiment, the number of addresses holding more than 10 BTC has increased by 10,279 since February 2022.

According to the data, total bitcoin holdings have remained largely stable within this cohort. However, for the past year, there has been a 71% increase in the volume of addresses or the total holding of these wallets, reaching an all-time high in 2019.

Currently at 155,000 addresses, the number of bitcoin wallets holding 10 or more BTC is just 2,000 less than the September 2019 all-time high, Sentiment Tweeted on Thursday.

see in bitcoin distribution data As of March 30, approximately 139,864 wallets held between 10–100 bitcoins, with total holdings of over 4.43 million coins accounting for 23% of the supply. Another 14,033 wallets currently hold 100-1000 BTC, accounting for over 20% of the supply at 3.9 million BTC.

On-chain data also shows the largest whales with 1k-10k bitcoin and 10k-100k BTC holdings numbered 1,906 and 112, respectively. Cumulatively, these wallets hold approximately 6.9 million coins, accounting for approximately 35% of the bitcoin supply.

Leave a Reply

Your email address will not be published. Required fields are marked *