Despite the long bear market, the number of Bitcoin wallets holding at least 1 BTC has exceeded 1 million.
The cryptocurrency market has been moving in a bear market since the last high price point. Although there are agenda-oriented bullish scenarios, the bear market does not seem to be over yet. Despite this, investors continue to buy Bitcoin. Bitcoin wallets holding at least 1 BTC have risen to a record high, according to Glassnode data. These wallets have exceeded 1 million.
Number of Holders of At least 1 BTC Increases
Although the BTC price has lost nearly 65% of its value compared to last year, investors are not backing down. According to data provided by Glassnode, the number of Bitcoin addresses holding at least 1 BTC in their wallet has exceeded 1 million.
Glassnode co-founder Negentropic said that the right time to buy Bitcoin is in an atmosphere of fear and panic. Glassnode continues to target $35,000 for BTC, based on the US banking industry and squeezed markets.
Also, according to Glassnode, 3 million BTC worth around $80 billion has been lost forever. These BTCs include wallets whose keys have been lost or haven’t been entered for more than a decade.
Despite all these data, the increase in the number of investors holding or buying BTC draws attention.
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