Number of BTC addresses with a non-zero balance reaches 2 months high

by in Cryptocurrency News


Despite the correction that has returned to the crypto market, a variety of categories of investors continue to invest in Bitcoin (BTC).

Digital currencies returned to the red zone at the beginning of the week. They suffered the greatest losses the day before, today the rollback continues.

At the beginning of the North American session, the BTC rate weakened. The capitalization of the leading cryptocurrency lost about 2% per day and fell to $ 886.832 billion.

However, investors were not scared by the fall in the value of bitcoin and other coins. The accumulation of BTC continues. According to Glassnode, the number of addresses containing at least 0.01 bitcoin is now at its two-month high (9.086 million).

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The accumulative strategy is also followed by large investors or the so-called whales.

The Santiment report says that the largest addresses have taken advantage of the Bitcoin rollback. Their balance has grown by over 20,000 coins.

Moreover, analysts expect that the "whales" can significantly increase their reserves in BTC by the end of the week. Their activity will sharply increase if the cryptocurrency does not hold on to values ​​above $ 47,000 and renews the lows within the next two to three days.