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Amount of BTC Wallets with More Than One Bitcoin Hits New All-Time High

While Bitcoin has again so far failed to breach the $10,000 level, its fundamentals are improving as more retail investors are buying BTC, storing more than one coin

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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.

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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.

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.

Whale Alert
Image via Twitter

Some analysts, however, believe that the flagship crypto is likely to perform a substantial correction after it gets over the $10,000 level.

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Yuri Molchan

Yuri entered the crypto sphere at the BTC price peak in 2017, quickly turning into a crypto enthusiast. He has written for several media, covering everything from TA to ICOs and crypto regulations. Presently is a news writer, working with crypto and blockchain-related topics.