Entities holding 0.01 to 0.1 BTC saw significant growth in balances during the price drop

04/30 00:16

Wechat scan to share

According to the latest analysis of Glassnode's data, small Bitcoin holders are buying more Bitcoin during the continuous price decline, showing increasing confidence, which contrasts sharply with the change in balances of large entities. The balance of entities holding 0.01-0.1 BTC has increased significantly. This shift indicates a significant increase in activity by retail investors.

Comments

All Comments

Recommended for you

Helene Braun · 04/25 09:55

SoftBank Is Buying Bitcoin Again, After $130M Loss in 2018. Is This Time Different?

SoftBank returns to crypto years after founder Masayoshi Son lost $130M on bitcoin.
James Van Straten，cryptoslat · 04/25 09:53

ARK Invest Raises 2030 Bitcoin Price Target to as High as $2.4M in Bullish Scenario

Falling bitcoin exchange balances signal strong holder sentiment as bitcoin hovers around $94,000.
Coindesk · 04/25 09:51

Senator and Ex-Bridgewater CEO McCormick Invests More in Bitcoin as Bill in Works

The former fund executive who became a U.S. senator from Pennsylvania this year, Dave McCormick, is BTC's biggest investor in Congress at the moment.
Jesse Hamilton · 04/25 08:27

Fed Joins OCC, FDIC in Withdrawing Crypto Warnings for U.S. Banks

Like the other U.S. bank agencies, the Fed has swept the decks of previous directives to bankers that they get sign-offs from the regulator for crypto activity.
cointelegraph · 04/25 08:25

Saylor holding 10M BTC won’t ‘threaten the protocol,’ says author

Bitcoin Standard author Saifedean Ammous says investors would simply divert from Strategy or BlackRock if either ever abused their position of controlling a significant amount of Bitcoin.
Stephen Moore · 04/25 08:21

North Korean hackers set up 3 shell companies to scam crypto devs

Silent Push senior threat analyst Zach Edwards says the FBI has since shut down at least one of the companies.
cointelegraph · 04/25 06:43

Bitcoin's next big resistance is $95K— What will trigger the breakout?

Decreasing Bitcoin exchange inflows, resurgent ETF demand and other bullish factors could push BTC price above the next big hurdle at $95,000.
Sam Bourgi · 04/25 06:36

Bitcoin supply on exchanges is falling ‘due to public company purchases’ — Fidelity

BTC reserves on cryptocurrency exchanges have fallen to the lowest level since November 2018.
DEGEN 2049 · 04/25 01:51

Unlocking the Future of Consumer Crypto

In the rapidly evolving landscape of blockchain technology, consumer crypto is poised to become the next big breakthrough.
DEGEN 2049 · 04/25 01:51

How Hopper Optimizes Execution

At Hopper, we trade fast, we trade smart — and we invite you to hop ahead with us into the new era of decentralized trading.