Ad
CryptoSlate on X
Join our X community for real-time crypto news and expert insights.
Follow @cryptoslate
 Ad
Insights
Bitcoin dominance rises to 60% as altcoins falter US Bitcoin ETFs face largest outflow since launch breaking 15-day streak Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140% Marathon and Hut 8 scoop up $1.6 billion worth of Bitcoin during market dip Solana surpasses rivals with record-breaking 66.9 million daily transactions
A new milestone: 1M addresses hold 1 Bitcoin A new milestone: 1M addresses hold 1 Bitcoin James Van Straten · 2 years ago
Insights Bitcoin

A new milestone: 1M addresses hold 1 Bitcoin

Data via Glassnode

Over the weekend we saw over 1M addresses with a balance of 1 Bitcoin — significant accumulation trend among 'shrimps'.

James Van Straten / @jvs_btc / May. 15, 2023 at 11:45 am UTC

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.
Shrimp Holdings: (Source: Glassnode)
Shrimp Holdings: (Source: Glassnode)
Address with balance 1 Bitcoin: (Source: Glassnode)
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.

Latest Insights
Bitcoin dominance rises to 60% as altcoins falter

Bitcoin dominance rises to 60% as altcoins falter

12 hours ago
US Bitcoin ETFs face largest outflow since launch breaking 15-day streak

US Bitcoin ETFs face largest outflow since launch breaking 15-day streak

16 hours ago
Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%

Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%

16 hours ago

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

In this insight

Bitcoin BTC (24h)
$97,439.07 +0.1%
Vol: $98.91B MCap: $1.93T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

More about Bitcoin

Glassnode

Analytics, Research Company in Europe

Glassnode brings data intelligence to the blockchain and cryptocurrency space.

More about Glassnode

Featured Data Partner

Make better trading decisions with Glassnode
Join Japan's Web3 Evolution Today

Most Viewed

 Ad
CryptoSlate on X x.com/cryptoslate
Join our X community for real-time crypto news and expert insights.
Follow @cryptoslate
 Ad