Bitcoin has hit a new milestone as the number of addresses holding at least one BTC has surpassed one million, according to data from Glassnode. This indicates a growing interest in the asset class despite the bear market and price volatility. However, it is important to note that this does not necessarily mean there are a million individuals or institutions holding Bitcoin.
Meanwhile, centralized exchanges dominate the BTC market share, with the United States, China, Russia, India, and Ukraine having the highest proportion of the circulating supply of Bitcoin among countries. Additionally, Glassnode estimates that three million BTC, equivalent to $80.4 billion, are lost forever.
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