- Previously, the number of large BTC holders was falling
- How investors diversified their risks in a volatile market
- Now the number has stabilized
Fresh data LookIntoBitcoin show that there are 2029 addresses in the Bitcoin network that have more than 1000 BTC in their account. Such owners are called whales.
The maximum number of whales was recorded in February 2021, shortly before BTC reached a local peak in April. After that, the metric began to fall.
Where did the whales go? Many have spread their investments across multiple cryptocurrencies and other asset classes. This allowed them to reduce the risk of bitcoin price fluctuations. Now the fall has stopped.
Experts believe that the stabilization of the number of whales signals the imminent return of the bull market. After all, large investors usually have good instincts and successfully predict the bottom. When the price reaches a minimum, they actively buy the asset. And after that, they do not carry out any movements, waiting for changes on the charts.
Bitcoin has set a record. There are more than a million addresses that own at least 1 BTC.
Who has the most bitcoins
One of the largest bitcoin holders is Satoshi Nakamoto, the mysterious creator of the main cryptocurrency. It is believed that he owns about 1.1 million BTC. This makes it the largest cryptocurrency holder in the world. These coins were mined in the early days of Bitcoin and have never been moved.