The amount of Bitcoin addresses with less than 1 BTC has rising exceeding 100% since the last halving of July 2016.
The number of Bitcoin addresses in the second halving has increased overall, but small wallets with less than 0.1 BTC have seen the biggest increase.
According to data from Glassnode, total Bitcoin (BTC) addresses with a balance of less than 0.01 BTC – about $ 86 at the time of writing – came third by 235% compared to the second half in July 2016, up more than ten million. The addresses with the balance between 0.01 BTC and 0.1 BTC – around $ 86 to $ 860 – rose 204%, with their number having more than 0.1 BTC but less than one Bitcoin rising 142%.
In fact, the number of whales with addresses over 1000 BTC – $ 8.6 million at the time of writing – increased 13.2%, while the total wallet size between 100-1000 BTC – at least $ 860,000 – increased 6.3%.
The ‘younger’ wallet control for volatility?
In the time of Mac crypto crash, there was some speculation as to whether long-term BTC HODLers – those who had kept their chips in their wallets for more than five years – might be responsible for the decline. Transactions involving coins that were kept for six months or less may have driven the Bitcoin market during the 2019 hike and sales phase of March.
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