The number of cryptocurrency wallets with major reserves for capitalization cryptocurrencies Bitcoin is growing according to an exponential curve
The number of bitcoin wallets with a balance> 1000 BTC continues to grow rapidly. According to the GlassNode resource indicators, the Bitcoin-Whale number approached 2500.
As can be seen on the graph above, the sharp jump in the number of Bitcoin whales fell on January 2021. The last time a similar increase occurred only in January 2019.
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This time the Coinbase Exchange was again in the leaders of growth. During the day with the stock wallet, it is displayed on cold wallets 14 875 BTC (~ $ 560 million).
It is worth noting that this is the second one major output of Bitcoin with Coinbase. Prior to this, the exchange also brought about $ 500 million on cold wallets, which in the cryptococial community was regarded as a powerful bullish signal.
All Bitcoin almost goes to whales
Against the background of increasing the number of Bitcoin-whales, the exchange reserves decrease. Starting from mid-January, Bitcoin reserves on all cryptocurrency exchanges are invariably reduced.
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Now the reserves of cryptocurrencies on exchanges dropped to July 2018. So, in the weekly interval, Coinbase brought 29,767 BTC (~ $ 1.12 billion), BINANCE 10 789 BTC (~ 407 million), and Bitstamp 3134 BTC (~ $ 118 million). In a monthly interval of the top 13, cryptocheus only three showed the influx of cryptocurrency: Bitfinex, Binance and Poloniex.
For the most part, the increase can be caused by hypertagine tokens like DOGE and XRP among retail traders who actively use these exchanges.
However, the influx of whales does not mean that Bitcoin accumulates in some hands. Recall, earlier in Glassnode found out that bitcoin-shrimps (addresses C> 1 BTC) constitute a considerable part (almost 23% of the number of coins in circulation). At the same time, the number of whales and larger Bitcoin holders is about 31% of BTC turnover.
The increase in bitcooin whales can be caused by the fact that more and more traditional analysts are solidar with future Bitcoin. So, for example, according to Bloomberg experts, Bitcoin's volatility is able to increase the price of cryptocurrency price from gold hundreds of times. However, when such a jerk will occur, it remains unknown.
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