"Mid- and Small-sized Bitcoin Wallet Addresses Net Bought 17,000 BTC in One Month"
Minseung Kang
Summary
- It was reported that wallet groups holding less than 100 BTC net bought over 17,000 BTC in the past month.
- It was stated that the purchase speed of these wallet groups surpassed the approximately 13,850 BTC mined during the same period.
- Mid- and small-sized wallet addresses are absorbing the Bitcoin supply rapidly.
Wallet groups holding less than 100 BTC have net purchased over 17,000 BTC in the past month, rapidly absorbing the supply.
On the 8th, cryptocurrency-focused media Bitcoin News reported, citing on-chain data analytics firm Glassnode, that “wallet groups with less than 100 BTC have net purchased over 17,000 BTC in the past month and are accumulating Bitcoin at a pace exceeding the approximately 13,850 BTC mined during the same period.”
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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