10.3k wallets increased to 10+ BTC starting February 2022

    • Bitcoin addresses holding 10 or extra BTC grew 71% in simply over a 12 months.
    • According to on-chain information, 10,279 new BTC wallets joined the cohort holding 10+ bitcoin between February 2022 and March 2023.
    • Wallets with 10-100 bitcoin cumulatively maintain over 4.4 million BTC, or roughly 23% of provide.

    While cryptocurrency prices fell sharply because the bear market of 2022 noticed large contagion throughout the trade, the variety of addresses holding 10+ bitcoins saved rising. Wallets on this class grew 71% between February 2022 and March 2023.

    10.3k addresses with 10+ BTC added since February 2022

    According to the most recent information from crypto analytics platform Santiment, the variety of addresses with greater than 10 BTC have increased by 10,279 since February 2022.

    Per the info, whole bitcoin holdings inside this cohort stay largely stagnant. However, a 71% improve within the quantity of addresses for the previous 12 months or so sees these wallets’ general holdings method the all-time highs reached in 2019. 

    Currently at 155,000 addresses, the variety of bitcoin wallets with 10 or extra BTC are simply 2,000 lower than the all-time excessive of September 2019, Santiment tweeted on Thursday.

    Looking into bitcoin distribution data as of 30 March, about 139,864 wallets maintain between 10-100 bitcoin, with whole holdings of over 4.43 million cash for 23% of provide. Another 14,033 wallets at the moment maintain 100-1000 BTC, accounting for simply over 20% of provide at 3.9 million BTC.

    On-chain information additionally reveals the most important whales, with 1k-10k bitcoin and 10k-100k BTC holdings, #1,906 and 112 respectively. Cumulatively, these wallets maintain about 6.9 million cash to account for roughly 35% of bitcoin provide.

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