A new milestone: 1M addresses hold 1 Bitcoin
May 15, 2023

A new milestone: 1M addresses hold 1 Bitcoin

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Quick Take

  • Over the weekend, a new milestone was reached over 1 million addresses holding 1 Bitcoin or more.
  • During the run-up to the 2017 bull market, we saw 500,000 addresses hold 1 Bitcoin or more.
  • A cohort who holds 1 Bitcoin or less is referred to as shrimps, who have seen huge amounts of accumulation over the last few years.
  • They now hold an aggregate supply of 1,345,444, roughly 7% of the supply.
Shrimp Holdings: (Source: Glassnode)
Shrimp Holdings: (Source: Glassnode)
Address with balance 1 Bitcoin: (Source: Glassnode)
Address with balance 1 Bitcoin: (Source: Glassnode)

The post A new milestone: 1M addresses hold 1 Bitcoin appeared first on CryptoSlate.

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