Bitcoin wallets with 100+ coins hit new one-year high

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  • Bitcoin addresses with 100 or more coins reached 16,120 on 19 December 2022.
  • Each address is worth $1.67 million at current prices, raising the number of bitcoin millionaires to the highest level since December 2021.
  • The data also shows that hodling is on the rise despite the crypto winter, with 46% of BTC last active in 2+ years and 1.6 million coins active in 1-3 months.

Bitcoin It continued to consolidate near $16,700 after a recent selling pressure. Bears remain very much in the picture, given last week’s jump above $18,000 and then a sharp decline to current levels.

But in the midst of all the contagion lies an opportunity – and bitcoiners are taking advantage of it.

Addresses with 100+ coins hit a 1-year high

According to Glassnode, an on-chain and exchange flow monitoring platform, sharks and whales have aggressively increased their overall holdings over the past few days.

In fact, as the leading cryptocurrency’s price hovered above its notable base on Monday, on-chain alerts for BTC indicate that 100+ bitcoin addresses now hold the most coins since last December. According to the data, by December 19, 2022, large accounts with at least $1,670,000 worth of BTC had increased to 16,120.

This is a new all-time high with the previous 1 year high of 16,106 addresses recorded on 23rd December 2021.

Bitcoin addresses holding 100 or more BTC hit a one-year high. Source: Glassnode

46% of bitcoin has been active for the past 2+ years

As large investors scoop up bitcoin on the cheap, so does the number of hodlers (people who buy bitcoin and holding their assets for longer periods of time regardless of market conditions) have also increased. as CoinJournal recently reportedWhales busy buying $726 million worth of BTC despite FTX transition.

Latest data on this metric shows BTC supply volume up 46.3% over the past 2+ years, a 22-month high. According to Glassnode, 7.5 million BTC were being HODLed (the metric also counts lost coins) as of Monday, December 19, 2022. The last time BTC held or lost this high was in January 2021.

Meanwhile, the number of active coins for the past 1-3 months now exceeds 1,603,380 bitcoins. Moving averages translate to 3 month highs for the number of coins that have not moved for the past 30 to 90 days.

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