The number of whales hoarding Bitcoin has reached a record

New data from market watcher Glassnode shows that the number of whales hoarding BTC is on the rise. According to Glassnote, the number of...


New data from market watcher Glassnode shows that the number of whales hoarding BTC is on the rise.

According to Glassnote, the number of Bitcoin addresses holding more than 1,000 BTC is worth more than $ 8 million, at the moment just reaching the highest level of about 2075 addresses.

The number of Bitcoin hold whales has dropped after the coin peaked at around $ 20,000 at the end of 2017. But started to increase in the second half of 2019.


BTC price is currently in the red zone. After retesting the support at about $ 8700, the king of cryptocurrencies is currently down more than 3% when the price is at $ 8200, according to CoinMarketCap.

Cred-industry analyst Cred told 141000 people following him on Twitter that he believes BTC could continue to fall if it fails to hold above $ 8430.

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High Tech Brain: The number of whales hoarding Bitcoin has reached a record
The number of whales hoarding Bitcoin has reached a record
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