Micro Investors Reach All-Time High in Bitcoin Accumulation!

• The latest data analysis by COINOTAG indicates that addresses holding 0.01 Bitcoin or less have reached an all-time high.
• The consistent accumulation by this small cohort highlights the density of Bitcoin ownership, a notion frequently discussed within the crypto community.
• According to the information received today, the number of addresses holding at least 100 Bitcoin has dropped to the lowest level in the past four months, standing at 15,968. Addresses holding at least 100 BTC have been on a downward trend since mid-August.

As micro investors in Bitcoin reach an all-time high, addresses holding at least 100 BTC have hit their lowest level in four months.

Bitcoin’s Micro Investors Achieve ATH

The recent data analysis by COINOTAG indicates that addresses holding 0.01 Bitcoin or less have reached an all-time high. This growth points to five significant accumulation events led by this group in the past five years. This trend shows that these ‘micro investors’ have consistently increased their holdings in the Bitcoin market, regardless of the amount they own.

However, it is important to note that the Bitcoin ecosystem is still dominated by a smaller, likely wealthier cohort. The continuous accumulation of this small cohort highlights the density of Bitcoin ownership, a notion frequently discussed within the crypto community. Nevertheless, the influx of small-scale investors could contribute to the distribution of Bitcoin assets over time, potentially mitigating this concern.

The number of addresses containing 0.01 Bitcoin or less is approaching 37 million, and the 30-day change in addresses for this cohort has increased by 885,000. This insight underscores the dual dynamics in the Bitcoin market: the ongoing dominance of a relatively smaller group of major holders alongside the consistent accumulation by smaller holders.

Bitcoin Whales Are Reducing Their Holdings

According to information received today, the number of addresses holding at least 100 Bitcoin has dropped to the lowest level in the past four months, standing at 15,968. Addresses holding at least 100 BTC have been on a downward trend since mid-August, which coincides with a period of sharp decline in Bitcoin. The decrease in this number indicates a tendency among large investors to sell their assets.

The sale of BTC assets by whales can put pressure on the price and potentially lead to further declines. The increase in addresses holding more than 100 BTC has been observed to correspond with an increase in the Bitcoin price. This correlation between the two metrics should be monitored to predict how the price may move in the future.