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• Bitcoin addresses with 100 or extra coins hit 16,120 on 19 December 2022.
• Each handle is price $1.67 million at present costs, growing the variety of Bitcoin millionaires to the best degree since December 2021.
• Data additionally exhibits hodling is on the rise regardless of crypto winter, with 46% of BTC final energetic in 2+ years and 1.6 million coins final energetic in 1-3 months.

Bitcoin continues to consolidate round $16,700 after weathering latest sell-off stress. Bears stay very a lot within the image, given final week’s bounce to above $18,000 after which the sharp fall to present ranges.

But there’s a possibility within the midst of all of the contagion – and that’s what Bitcoiners are capitalizing on.

Addresses with 100+ coins hit 1 yr high

According to the on-chain and alternate flows monitoring platform Glassnode, sharks and whales have aggressively added to their general holdings up to now few days.

Indeed, because the flagship cryptocurrency’s value hovers above its notable base on Monday, on-chain alerts for BTC point out that addresses with 100+ bitcoins now maintain probably the most coins since final December. Per the information, giant accounts with at the least $1,670,000 price of BTC as of 19 December 2022 had jumped to 16,120.

This is a new all-time high, with the final 1-year high being 16,106 addresses recorded on 23 December 2021.

As giant buyers scoop Bitcoin on a budget, the variety of hodlers (individuals who buy Bitcoin and maintain onto their property long run no matter market circumstances) has additionally elevated. As CoinJournal recently reported, whales have been busy, shopping for over $726 million price of BTC regardless of the FTX contagion.

The newest information on this metric shows that the quantity of BTC provide final energetic 2+ years has 46.3%, a 22-month high. According to Glassnode, 7.5 million BTC was being HODLed (the metric additionally counts misplaced coins) as Monday 19, December 2022. The final time the measure of hodled or misplaced BTC was this high was in January 2021.

Meanwhile, the variety of coins final energetic 1-3 months is now greater than 1,603,380 bitcoins. The transferring common interprets to a 3-month high for the variety of coins that haven’t moved for the final 30 to 90 days.