According to BlockBeats news, it seems like Santa came early for cryptocurrency investors this year! On December 25th, Santiment data revealed that both Bitcoin and altcoins had made a strong recovery ahead of Christmas. In fact, the price of Bitcoin even managed to bounce back up to a whopping $99,000!
This is definitely great news for anyone who’s been holding onto their crypto investments. But what about those of us who are new to the world of cryptocurrency? Don’t worry, we’ve got you covered. The current state of Bitcoin wallet address distribution might seem a bit confusing at first glance. However, here’s a breakdown of the most important information:
– There are approximately 50.17 million Bitcoin wallets holding 0-0.1 BTC each.
– Meanwhile, there are around 4.31 million wallets holding 0.1-10 BTC each. – The number of wallets holding 10-1,000 BTC each stands at 150,130. – And finally, there are only about 2,050 wallets holding more than 1,000 BTC each. Now, let’s talk about what all this means. Essentially, the analysis suggests that as long as the number of large wallets and whale wallets (i.e., those with over 1,000 BTC each) continue to grow and maintain their accumulation trend since 2024, the bull market is likely to continue.
So, if you’re thinking about getting into cryptocurrency investing, it might be worth keeping an eye on these trends. Who knows – you might just catch the next big wave!
Reported by m.theblockbeats.info
