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Number of Bitcoin Wallets with 100+ BTC Hits 6-Month High: Analytics Report

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Mon, 19/10/2020 - 13:01
Number of Bitcoin Wallets with 100+ BTC Hits 6-Month High: Analytics Report
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Popular analytics data aggregator Glassnode has reported that the amount of medium-sized Bitcoin investors has surged to a six-month high.

Meanwhile, data from another analytics agency says that Bitcoin has not spent much above the $11,500 level since its launchjust slightly longer than three months only.

Number of addresses with 100+ BTC rises

Investors with a medium size of wealth continue to acquire Bitcoin, according to data provided by the Glassnode analytics firm. It reports that the amount of addresses with 100+ BTC has risen to a new six-month high. One hundred 100 BTC are worth $1,152,150 at the current exchange rate.

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Right now, Bitcoin remains very close to the $11,500 level, ranging slightly higher or lower than this price mark.

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Investors are rushing to get more BTC as they obviously expect that the flagship digital currency is heading to the $20,000 high of 2017 and are trying to accumulate as many Satoshis as possible.

This is proven by the fact that, according to another Glassnode tweet, the amount of non-zero BTC wallets has reached a new all-time high of 31,913,344.

Having risen from 31,908,804 on Sunday, that shows a growth of more than 5,000 BTC wallets in 24 hours.

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Bitcoin has a lot of time to remain at high levels: Skew

Another popular analytics provider, Skew, has tweeted that, since its launch in 2009, Bitcoin has spent only 93 days above the $11,500 level.

The count starts from 2017, when Bitcoin first achieved that milestone and crossed that mark, returning above it several times and holding there for quite a while now.

Due to this fix above $11,500 and Microstrategy and Square recently acquiring gargantuan amounts of Bitcoin, the community expects BTC to keep showing positive results.

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