Addresses holding fewer than 100 Bitcoin show strong buying activity…"Suggests supply shock"
Son Min
Summary
- It was revealed that investors holding less than 100 BTC are accumulating about 19,300 Bitcoin each month.
- During the same period, the amount of Bitcoin mined was only 13,400 units.
- Continued buying pressure is mentioned as something that could lead to a Bitcoin supply shock.
It has been found that investors holding fewer than 100 Bitcoin (BTC) are accumulating approximately 19,300 BTC each month.
On the 13th (local time), Glassnode stated via X (formerly Twitter), "Wallet addresses with less than 100 BTC purchase about 19,300 BTC each month," adding that, "During the same period, the amount of Bitcoin mined is only 13,400 BTC."
Glassnode added, "Such continued buying by these investors could trigger a supply shock for Bitcoin."
As of 12:45 p.m., based on the Binance USDT market, Bitcoin is trading at $117,728, up 0.01% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
