Small Bitcoin Investors (BTC) are taking advantage of the recent price drop to accumulate cryptocurrency. The number of wholecoiners has increased by 40,000 since the June correction.
According to LookIntoBitcoin, the amount of BTC “wholecoiner” has been growing steadily since January 31, when the price was around $ 38,000. However, Bitcoin fell 27% in May and a further 40% in June; that same month, the number of new wallets containing at least one full BTC reached 25,389.
Right now the value of Bitcoin is around $ 23,000, down 64% from the all-time high of 64,400 reached in November 2021. The number of wholecoiners is currently at an all-time high of 891,346.
Investor Lark Davis wrote to his Twitter followers that “many people are fulfilling their dream of owning a whole coin.“
“The number of addresses with at least one Bitcoin has increased by around 40,000 since the crash! Many people are fulfilling their dream of owning a whole coin.”
The number of wallet addresses holding at least 1 #bitcoin has jumped by about 40,000 since the crash started!
A lot of people hitting their whole coin goal! pic.twitter.com/5Lh1hRLKIh
— Lark Davis (@TheCryptoLark) August 2, 2022
It is interesting to note that in the same period the growth of wallets containing over 10 BTC has started to slow down, while the amount of wallets containing at least 100 or 1000 BTC has even decreased.
Addresses with more than 10 BTC have risen by only 600 since May, those with more than 100 BTC have fallen by 125, and large whales with more than 1000 BTC have fallen by 113.
Bitcoin has been growing since mid-July. However, there are conflicting opinions on the future movements of the cryptocurrency: there are those who believe that the asset has already reached the bottom, and those who foresee further declines on the way.
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