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.
Bitcoin addresses holding over 1000 BTC hit a new all-time-high.
This year alone 164 addresses got added, currently worth $ 6 billion. pic.twitter.com/1p4FDKlBF1
– Top Cryptocurrency Exchanges (@ CryptoBounty10) January 20, 2021
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.
“In 30 days, about 270,000 BTC moved from exchanges to economic units considered as hodlers,” writes Glassnode.
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.
🪙🔐 #Hodling #Bitcoin is becoming the trending strategy once again, after #AllTimeHigh‘s were made repeatedly the past couple months. Dormant coins that were being moved during the sharp rise above $ 40k are now … back to being dormant. Read our analysis! https://t.co/VjhARw2QEc pic.twitter.com/NX2pcCJvoC
– Santiment (@santimentfeed) January 20, 2021
“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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