Record surge as Bitcoin micro investors reach all-time high

CryptoSlate
CryptoSlate

18 Sep 2023 9:00 AM

Bitcoin market sees dual dynamics with rise in small holders...

  • Addresses holding 0.01 Bitcoin or less have reached an all-time high.
  • This marks the fifth significant accumulation event by this group in the past five years.
  • Despite the dominance of a smaller, wealthier cohort, micro investors are steadily increasing their presence in the Bitcoin market.
  • The influx of small-scale investors contributes to Bitcoin's distribution and potentially mitigates asset concentration over time.
  • There are currently around 37 million addresses with 0.01 Bitcoin or less, with an 885,000 increase in the past 30 days.
  • The Bitcoin market exhibits dual dynamics: consistent accumulation by smaller holders and the continued dominance of a smaller group of large holders.

The article presents a mixed sentiment. It highlights the positive growth and increasing presence of micro investors in the Bitcoin market, but also raises concerns about the concentration of ownership within a smaller, wealthier cohort.

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You May Ask

What is the current number of addresses holding 0.01 Bitcoin or less?How many significant accumulation events have occurred in the past five years by this group?What is the 30-day change in addresses for the cohort of micro investors?What are the dual dynamics at play in the Bitcoin market?How does the influx of small-scale investors contribute to Bitcoin's distribution?

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