The number of rich BTC addresses increases: Is it accumulation?

The number of BTC addresses with more than one Bitcoin is increasing. Today he reached his ATH. According to the data provided by the blockchain search engines, Glassnode analysts have managed to update this statistic.

Glassnode analysts have found that the number of BTC addresses with significant wealth is increasing. It is based on data offered by blockchain search engines.

According to a new report from Glassnode, there are already 797,000 addresses with more than one BTC. Data shows that, for example, in 2017 at the highest price of $ 20,000, there were only 720,000 such addresses. This means that investors still prefer to build their positions despite the falling price.

After a long time, this is really good news. 200,000 of these investors have built up positions over the last two years. The remaining 690 000 has been in the long term, more than 3 years. It is also necessary to mention the possible deviation related to the mortality of addresses. Very old addresses with such great wealth may already be dead. Respectively their keys or the owner.

Of course the other thing is that one address does not necessarily mean one user. The company itself highlights this in its report. Many great whales have decided to divide their wealth among multiple addresses. Nevertheless, it is clear that investors are buying. Whether it is more or less.