Bitcoin addresses with 10+ BTC have jumped 71% since February 2022

• Bitcoin addresses holding 10 or extra BTC grew 71% in simply over a yr.
• In line with on-chain information, 10,279 new BTC wallets joined the cohort holding 10+ bitcoin between February 2022 and March 2023.
• Wallets with 10-100 bitcoin cumulatively maintain over 4.4 million BTC, or roughly 23% of provide.

Whereas cryptocurrency costs fell sharply because the bear market of 2022 noticed large contagion throughout the business, the variety of addresses holding 10+ bitcoins saved rising. Wallets on this class grew 71% between February 2022 and March 2023.

10.3k addresses with 10+ BTC added since February 2022

In line with the most recent information from crypto analytics platform Santiment, the variety of addresses with greater than 10 BTC have elevated by 10,279 since February 2022.

Per the info, complete bitcoin holdings inside this cohort stay largely stagnant. Nevertheless, a 71% improve within the quantity of addresses for the previous yr or so sees these wallets’ total holdings strategy the all-time highs reached in 2019. 

Presently at 155,000 addresses, the variety of bitcoin wallets with 10 or extra BTC are simply 2,000 lower than the all-time excessive of September 2019, Santiment tweeted on Thursday.

🦈🐳 Since February ’22, the quantity of addresses holding 10+ #Bitcoin has ballooned by 10,279, a +7.1% improve. The general proportion of obtainable $BTC held by these wallets is quite stagnant, however the quantity is closing in on the Sep, 2019 #AllTimeHigh. https://t.co/LdyvWujeAH pic.twitter.com/pMkd6lbT4d

— Santiment (@santimentfeed) March 29, 2023

Wanting into bitcoin distribution information as of 30 March, about 139,864 wallets maintain between 10-100 bitcoin, with complete holdings of over 4.43 million cash for 23% of provide. One other 14,033 wallets presently maintain 100-1000 BTC, accounting for simply over 20% of provide at 3.9 million BTC.

On-chain information additionally exhibits the biggest whales, with 1k-10k bitcoin and 10k-100k BTC holdings, no 1,906 and 112 respectively. Cumulatively, these wallets maintain about 6.9 million cash to account for roughly 35% of bitcoin provide.