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New 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 total value of addresses currently less than 1 BTC is $16 billion.
A linear graph 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, and 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.
Number of Bitcoin wallets holding at least 1 BTC in a period of time: Glassnode
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.