Categories: News

Addresses containing more than 1 Bitcoin are approaching 800,000

Monitoring company Glassnode has published a series of data revealing behavioral changes in the crypto market. Addresses containing over 1 Bitcoin are approaching the record value of 800,000 (the exact number is 797,420).

It is interesting to note that Bitcoin held by exchanges reached the lowest level since December 2019. This may be considered a signal that the owners have invested in Bitcoin for the long term and do not intend to sell it.

In fact, some analysts argue that BTC miners have begun to accumulate in the prospect of halving, when the number of new currencies will decrease. In the medium and long term, this could have a positive effect on the price of cryptocurrency.

Bitcoin is currently trading at $ 6,350, after a recent increase from 5,860 to 6,434.

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