While $BTC loses 70% of its value since the ATH of 2021, the number of wallets that hold the first cryptocurrency is rising exponentially
market that now have more than or exactly 1 BTC is increasing exponentially as Bitcoin's consolidation is still taking place on the market. As the data suggests, the number of addresses that hold Bitcoin is reaching 880,000., retail traders and investors have not stopped the accumulation of the asset for a second as the growth of the number of wallets that hold BTC began in May 2021.
Additionally, the rising adoption rate of Bitcoin and other cryptocurrencies directly affects the number of wallets that hold 1 or more coins on their balance as the"orange coin" still acts as one of the main ways of"entering" on the cryptocurrencySome larger funds and investors tend to redistribute their Bitcoin holdings among numerous wallets to secure the funds of their users and improve the fund management process.
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