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Bitcoin Entities Growth Hits New All-Time High: Report

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Wed, 08/04/2021 - 13:20
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Yuri Molchan
Recent analytics data shows that holdings of Bitcoin whales have reached a major high since April, while number of BTC entities has also grown to an all-time high
Bitcoin Entities Growth Hits New All-Time High: Report
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Fresh data provided by Glassnode analytics vendor shows that the net growth of Bitcoin entities has surged to a new all-time high.

Bitcoin entities' net growth soars to historic peak

The CIO of Moskovski Capital has commented that, this time, the number of active Bitcoin network participants has been growing at the fastest scale on an average weekly basis.

The chart does not, however, cover the last week (from July 27 until today), according to Lex Moskovski.

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Bitcoin whales' holdings at the highest point since April

Santiment analytics firm has shared a chart that shows that Bitcoin addresses that include small-scale whales (those holding up to 1,000 BTC) have been accumulating the flagship crypto heavily as of late.

Overall, wallets holding between 10 and 1,000 Bitcoins have grown to number 144,970, according to the chart. This is the highest peak since April.

Bitcoin wallets that contain 1,000 BTC and more mostly remain inactive.

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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 yuri.molchan@u.today.