Insights

A new milestone: 1M addresses hold 1 Bitcoin

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Over the weekend, a new milestone was reached over 1 million addresses holding 1 Bitcoin or more.
During the run-up to the 2017 bull market, we saw 500,000 addresses hold 1 Bitcoin or more.
A cohort who holds 1 Bitcoin or less is referred to as shrimps, who have seen huge amounts of accumulation over the last few years.
They now hold an aggregate supply of 1,345,444, roughly 7% of the supply.

Address with balance 1 Bitcoin: (Source: Glassnode)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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