The number of addresses holding 1 BTC or more has now crossed the one million mark.
Glassnode’s data reveals that the number of wallet addresses holding one whole BTC or more has exceeded one million. This significant milestone settled on May 13 represents a clear indication of the sustained growth in the popularity of Bitcoin and the increasing adoption of the cryptocurrency among investors.
Investors have actively accumulated Bitcoin since the market setback happened last year. The largest cryptocurrency lost 65% of its value after a series of events triggered multiple collapses throughout 2022.
New Milestone
According to Glassnode’s report, the most significant surges in addresses holding at least one BTC were in June – one month after TerraUST crashed and November 11 – FTX bankruptcy declaration. Following the FTX saga, Bitcoin’s price dropped below $30,000 and sank to around $16,000 in December 2022.
But catastrophic…
