#Bitcoin Address Count Decreases#
Hot Topic Overview
Overview
On-chain data shows that the number of addresses holding more than 1 Bitcoin has decreased by 18,530 in the past two months. This data has sparked market attention, with some analysts suggesting that it could indicate a decline in the number of investors holding large amounts of Bitcoin. This may be related to recent Bitcoin price fluctuations and market sentiment.
Ace Hot Topic Analysis
Analysis
According to on-chain analyst Ali's monitoring data, the number of addresses holding more than 1 Bitcoin has decreased by 18,530 in the past two months. This data comes from Glassnode and has been reported by Planet Daily and Jinse Finance. This means that the number of addresses holding large amounts of Bitcoin is decreasing, which could be due to a variety of factors, such as market volatility leading to investor sell-offs, institutional investors moving Bitcoin to cold wallets, etc. This phenomenon has sparked speculation in the market about the future direction of Bitcoin. Some analysts believe this could be a signal of an impending market correction, while others believe it is just a short-term fluctuation that will not affect Bitcoin's long-term bull market trend.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The number of addresses holding more than 1 BTC has decreased by 18,530 in the past two months.
This could be due to market fluctuations causing some investors to sell Bitcoin.
It could also reflect some investors moving Bitcoin to cold wallets or other forms of storage.
This phenomenon may indicate short-term market volatility.