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$516.3 Billion in BTC Held by these Wallets After Recent Accumulation: IntoTheBlock

Tue, 03/01/2022 - 16:30
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Yuri Molchan
Long-term BTC owners have increased their holdings by over 4% in the past 30 days
$516.3 Billion in BTC Held by these Wallets After Recent Accumulation: IntoTheBlock
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Bitcoin investors who bought their crypto more than a year ago keep accumulating, recent data shared by IntoTheBlock analytics company says.

Bitcoin investors increase their holdings to 11.78 million BTC

IntoTheBlock tweeted that BTC holders keep grabbing Bitcoin, increasing their stashes over the past 30 days. The increase comprises 4.13%. These wallets now store 11.78 million of the leading digital crypto, which is worth $516,369,232,000.

Earlier today, a Glassnode-provided chart showed that since the final days of February this year, Bitcoin accumulation has been going parabolic.

Veteran Trader John Bollinger Is Bullish on Bitcoin and Ethereum Amid Market Recovery

Bitcoin extends gains to 44,700 before pulling back

On March 1, the global flagship cryptocurrency managed to add another 3.7% to the gains printed a day earlier. After rising first to $40,000, BTC then hit the $44,900 zone.

However, the Bitcoin price pulled back 3.35%—from $44,900 to the current $43,395 level on the Bitmex exchange.

The BTC price was also impacted by the announcement of CME Group to release options contracts on their Micro BTC and Micro ETH futures launched last year. The option is to roll out at the end of March, according to the press release.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at