Odaily Planet Daily News The number of addresses holding at least 10 Bitcoins declined in 2024. At the beginning of the year, the number of such addresses was about 155,500, and it declined in the first quarter, reaching a low of about 152,600 in late March. This decline ran counter to the price trend of Bitcoin during the same period, reflecting profit-taking by smart money. However, as the price of Bitcoin stabilized around $60,000, the number of addresses holding more than 10 BTC reversed in August and rebounded to 153,500. Historically, the number of addresses holding at least 10 BTC has been on an upward trend, especially since 2015, when the price of Bitcoin soared from below $500 to more than $60,000 in 2021. This long-term growth highlights the increasing accumulation of large holders, which is often seen as a signal of confidence in Bitcoin's value proposition. However, the decline in mid-2024 suggests that Bitcoin will be distributed or redistributed in the short term as the market adjusts after the "unbanning".

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