The total number of Bitcoin wallet addresses holding a complete Bitcoin or several Bitcoins has reached 1 million price points
According to Glassnode's information, it reached a milestone of 1 million RMB on May 13th.
Accompanied by a 65% drop in Bitcoin prices from the previous year, the total number of Bitcoin wallet addresses held has skyrocketed, with the most significant surge occurring during a severe sales market crash on June and November 11th, which was actually the day when FTX went bankrupt and subsequently declared bankruptcy.
With the decline of Bitcoin's selling price at its highest point in November 2021, it gradually increased from early February 2022 to a total of around 190000 "all coin people"
Glassnode founder Negentopic told its 54000 Twitter fans that the best time to buy Bitcoin is "blood on the streets"
Before he released the above views, several key foreign banks had gone bankrupt, and the Federal Reserve meeting hoped to suspend interest rate hikes in the near future. Glassnode indicates that it is "still confident" that Bitcoin can reach a price of $35000 in the mid to late stages, which is some of the reasons for this.
Although the integer amount of "one million" has set a new record in the record book, it is worth noting that a Bitcoin wallet address does not necessarily mean a person.
Many cryptocurrency investors have several Bitcoin addresses, while other addresses belong to important organizations such as cryptocurrency trading centers and investment management companies, which typically have a large number of Bitcoins.
According to CoinGlass, a cryptocurrency analysis service provider, out of the current approximately 19 million Bitcoins in circulation, 1.89 million Bitcoins (with a usage value of $50.7 billion) are held in major centralized trading centers such as Coinsafe and Coinbase.
In addition, according to Glassnode, 3 million Bitcoins (worth $80.4 billion, accounting for approximately 17% of the supply) may have been 'consistently lost', which is surprising. Glassnode is based on a series of data information, including Bitcoin sent to a "damaged address", lost keywallet, and large accounts that have not been accessed for over a decade.
Journal: Addiction to cryptocurrency trading - what to pay attention to and how to treat it