Bitcoin Holders are Getting Bigger - No Selling

over 3 years ago

The amount of bitcoin holders, or "HODLers", expanded in the period coinciding with the rise in the cost of bitcoin above the $ 12,000 mark.

Another report from the Glassnode blockchain examination stage indicated that the rise in the cost of Bitcoin has also been joined by an increase in the amount of Bitcoin holders.

The amount of Bitcoin addresses containing more than 0.2 Bitcoin (so far more than $ 2000) has reached an untouched high.

The amount of titles containing in excess of 100 Bitcoin (generally $ 1,000,000) reached the highest level in half a year, according to a similar Glassnode report.

Bitcoin's value appears to significantly bind and motivate Bitcoin holders, as it has crossed $ 12,000.

Information shows that as of the day before yesterday, there were over 16,000 Bitcoin addresses containing more than 100 Bitcoins, and this surpassed the most significant level recorded last June.

Despite the above, more sites have held 0.1 Bitcoins at any rate never seen before, with information showing that 3,160.057 tend to hold any rate of 0.1 Bitcoin, outperforming the previous unprecedented rally of 3,159,231. Location.

What does this mean ?

All of the numbers recorded and given by the company above are positive, and the rise in the cost of Bitcoin to over $ 10,500 has increased the amount of Bitcoin holders and brought it further into the Bitcoin speculative field.

Bitcoin has performed well since October 7th of this month, as the value rose from $ 10,650, moving upward, to its current cost at the time of writing this article at $ 12,238.