More sources are reporting a rise in interest towards Bitcoin from both retail and institutional investors. Previously, similar data was shared by the CEO of Blockware Mining Matt D'Souza.
"Bitcoin continues to show strength & looks ready to take out $10,000 & test the key $10,522 level. This may temper future shut offs. The Demand Side - Fund & Retail driven buying is clearly strong."
Now, the analytics company Glassnode tweets that the amount of wallets that contain more than one Bitcoin has surged to a new all-time high.
More investors now holding more than 1 BTC
Glassnode has tweeted that the amount of Bitcoin addresses that contain more than one BTC has surged since April 30 to reach a new high of 814,893.000.
📈 #Bitcoin $BTC Number of Addresses holding 1+ coins just reached an ATH of 814,893.000
— glassnode alerts (@glassnodealerts) May 19, 2020
Previous ATH of 814,823.000 was observed on 30 April 2020
View metric:https://t.co/s7tx1xxyz3 pic.twitter.com/aYRp0bzPS0
Amount of active BTC supply surges
Glassnode also tweets that the active supply of Bitcoin over the past twenty-four hours has soared 72.7 percent. Now, it amounts to 203,729.633, having increased from 117,980.913.
📈 #Bitcoin $BTC Active Supply 24h (1d MA) increased significantly in the last 24 hours.
— glassnode alerts (@glassnodealerts) May 19, 2020
Current value is 203,729.633 (up 72.7% from 117,980.913)
View metric:https://t.co/I2GrIJjJGU pic.twitter.com/FHqQA3Rvcl
The Twitter bot Whale Alert has been showing massive and frequent transfers of Bitcoin recently, as the BTC price is doing its best to get over the $10,000 resistance and continue the bull run.
Some analysts, however, believe that the flagship crypto is likely to perform a substantial correction after it gets over the $10,000 level.
