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The number of whales with assets over 1000 BTC reaches 2400

The total number of bitcoin addresses with a balance of more than 1000 BTC for the first time crossed the mark of 2400, as evidenced by data from Glassnode.

In 2021, 164 addresses were added, with total assets of $ 6 billion.

Experts stressed that bitcoin is experiencing its biggest liquidity depletion in recent years.

β€œIn 30 days, about 270,000 BTC moved from exchanges to economic units considered as hodlers,” writes Glassnode.

Glassnode data.

In mid-January, analysts reported that the number of bitcoin addresses holding more than 1,000 BTC rose to 2,140 amid a price drop from $ 38,250 to $ 30,400.

Inactive addresses resumed transactions when the price of the cryptocurrency rose above $ 40,000. But after reaching a new all-time high, the addresses of the whales became inactive, analyst firm Santiment confirms.

“Hodl has become a popular strategy again after Bitcoin has updated all-time highs,” analysts write.

Recall that on January 19, asset management company Grayscale Investments acquired a record 16,244 bitcoins per day. A total of 632,801 BTC are under the management of the company’s bitcoin trust.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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