More

    Bitcoin addresses holding at least 10 BTC recover from Q1 decline

    Onchain Highlights

    DEFINITION: The number of unique addresses holding at least ten coins.

    Bitcoin addresses holding at least 10 BTC have declined in 2024. The number of such addresses began the year at approximately 155,500, with the number falling through the first quarter to hit a low of around 152,600 in late March.

    This decrease diverged with Bitcoin’s price movements during the same period, reflecting smart money taking profit. However, a reversal occurred in August, with addresses holding over 10 BTC rising back toward 153,500 as Bitcoin’s price stabilized near $60,000.

    BTC: Number of Addresses with Balance > 10)

    Historically, the number of addresses with at least 10 BTC has trended upward, particularly since 2015, as Bitcoin’s price surged from under $500 to over $60,000 by 2021. This long-term increase highlights growing accumulation among large holders, often seen as a signal of confidence in Bitcoin’s value proposition. However, the mid-2024 drop indicates short-term distribution or reallocation as the market adjusted post-halving.

    BTC: Number of Addresses with Balance > 10)

    The post Bitcoin addresses holding at least 10 BTC recover from Q1 decline appeared first on CryptoSlate.

    Related articles

    Ethereum Price Prediction : ETH Price Poised to Surge Nearly 200%, Here’s When

    The post Ethereum Price Prediction : ETH Price Poised to Surge Nearly 200%, Here’s When appeared first on Coinpedia Fintech News Donald Trump’s second presidential win has sent ripples of excitement across the cryptocurrency market....

    Jack Dorsey’s Block Shifts Focus to Bitcoin Mining and Wallet Technology

    Jack Dorsey’s Block Shifts Focus to Bitcoin Mining and Wallet Technology Jack Dorsey’s payment company, Block, Inc., is doubling down on its commitment to Bitcoin mining and self-custody wallet technology. In a recent shareholder letter...

    North Korean Hackers Begin Campaign That Poses a ‘Hidden Danger’ to Cryptocurrency Companies

    The post North Korean Hackers Begin Campaign That Poses a ‘Hidden Danger’ to Cryptocurrency Companies appeared first on Coinpedia Fintech News Researchers have identified a new attack campaign tagged “Hidden Risk”, it exposed that state-sponsored...

    South Korea’s Financial Regulator to Strengthen Oversight on Trump-Related Stocks and Crypto Volatility

    South Korea’s Financial Regulator to Strengthen Oversight on Trump-Related Stocks and Crypto Volatility In response to recent U.S. election results and the Federal Reserve’s latest Federal Open Market Committee (FOMC) statement, South Korea’s financial regulatory...

    Introducing the 7th Edition of the FiNext Awards & Conference February 10-11, 2025, in Dubai

    Dubai, UAE – InternetShine Technologies is thrilled to announce the highly anticipated seventh edition of the FiNext Conference, set to take place in the vibrant city of Dubai. As a premier event in the financial...

    Latest articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here