A notable Bitcoin on-chain trend is developing as wallets holding between 10 and 10,000 $BTC have reached a record 20,338, according to Santiment.
The number has climbed sharply since mid-July, even as Bitcoin has gone through several periods of price volatility.
Santiment tracks this range as a key stakeholder group, making the continued growth worth watching as BTC recently moved below $80,000 before recovering above $82,000.
Blockchain addresses can be split, reorganized or controlled by exchanges and custodians. Still, the broader trend is notable: addresses in the 100 to 10,000 BTC range held about 9.47 million BTC on October 15, up from 9.39 million in mid-July.
#BTC, is the correction enough?# #Bitcoin Price Prediction: What is Bitcoins next move?#
The number has climbed sharply since mid-July, even as Bitcoin has gone through several periods of price volatility.
Santiment tracks this range as a key stakeholder group, making the continued growth worth watching as BTC recently moved below $80,000 before recovering above $82,000.
Blockchain addresses can be split, reorganized or controlled by exchanges and custodians. Still, the broader trend is notable: addresses in the 100 to 10,000 BTC range held about 9.47 million BTC on October 15, up from 9.39 million in mid-July.
#BTC, is the correction enough?# #Bitcoin Price Prediction: What is Bitcoins next move?#