Whale Wallets Holding Over 1,000 BTC Are at a Two-Year High
CryptoNewsTerminal Staff19 Jul, 2024
Whale Wallets Holding Over 1,000 BTC Are at a Two-Year High
The number of bitcoin (BTC) addresses holding over 1,000 BTC has hit a two-year high, according to data from crypto market analytics platform IntoTheBlock. As of March 8, 2023, there were 2,276 addresses holding over 1,000 BTC, the highest number since March 2021. This represents a 20% increase from the same time last year. The growth in the number of whale addresses is likely due to a number of factors, including the recent bull run in the crypto market and the increasing institutional adoption of Bitcoin.