Data shows that Bitcoin wallets holding 1 BTC or more now account for 95% of the total Bitcoin market value. The total number of bitcoins held by tens of millions of users accounts for only 5% of the total bitcoin market value, and their wallet balance is less than 1 BTC.
Although the price of BTC has risen sharply, the total number of Bitcoin wallets holding 1 BTC or more has steadily increased year by year since 2009. On November 27th, Rafael Shultze-Kraft, CTO of Glassnode, posted a chart on Twitter, showing that there are currently more than 800,000 addresses holding at least 1 BTC.
According to the Bit Info chart, a Bitcoin wallet address holding 1 BTC or more represents approximately $301 billion in BTC. In comparison, the current total value of addresses with less than 1 BTC is $16 billion.
A linear chart shows that the number of Bitcoin wallet addresses holding 1 BTC or more has almost no retracement in history. The largest decline occurred in early 2016. The number of addresses holding at least 1 Bitcoin decreased from 520,000. To 450,000, a decrease of 13.5%.
Beginning in 2018, the growth of the number of Bitcoin wallet addresses holding 1 BTC or more has also stagnated. In the 12 months from December 2017, the number of addresses fluctuated between approximately 720,000 and 690000.
According to data from Into The Block, there are currently 32.95 million Bitcoin addresses holding a certain amount of BTC, which shows that only 0.24% of Bitcoin wallet addresses holding 1 BTC or more.
