The number of wallets holding at least 1 BTC has surpassed 1 million for the first time, with centralized exchanges holding over 1.89 million of the circulating 19 million supply. The adoption of digital assets, particularly Bitcoin and Ethereum, continues to grow with gains recorded this year and a potential pause in interest rate hikes. The market downturn in 2022 led many investors to add to their holdings, resulting in a surge in wallets holding more than 1 Bitcoin. Glassnode predicts a bull run on the horizon, with BTC estimated to hit $35,000 in the summer.
All Comments