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Home » Bitcoin Wallets With More Than 100 BTC Hits 6-month high

Bitcoin Wallets With More Than 100 BTC Hits 6-month high

Kelly Cromley by Kelly Cromley
Oct 20, 2020
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

Crypto related data provider Glassnode has stated that 16,159 Bitcoin wallets currently hold over 100 Bitcoins.

While revealing the info yesterday, the company also mentioned that the wallet figure has gone past the previous six month high of 16,158, recorded on June 8.

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Glassnode further pointed out that the number of non-zero Bitcoin addresses hit a new peak of 31,913,355, including about 5,000 added in the past 24 hours.

It can be remembered that analyst and market cyclist Cole Garner had pointed out a record two-year high in fresh BTC addresses in the initial week of October.

? #Bitcoin $BTC Number of Addresses Holding 100+ coins just reached a 6-month high of 16,159

Previous 6-month high of 16,158 was observed on 08 June 2020

View metric:https://t.co/ceqO9LHIvs pic.twitter.com/tyo8RtHAVU

— glassnode alerts (@glassnodealerts) October 19, 2020


Utilizing data provided by Glassnode, Garner estimated that roughly 22,000 new Bitcoin related “entities” had come up in a single day, a huge rise from the usual figure of 5,000 to 10,000 per day.

? #Bitcoin $BTC Number of Non-zero Addresses just reached an ATH of 31,913,344

Previous ATH of 31,908,804 was observed on 18 October 2020

View metric:https://t.co/VtoChZbLsa pic.twitter.com/xmoKiso68l

— glassnode alerts (@glassnodealerts) October 19, 2020


Back in May, Bitcoin wallets possessing non-zero coins breached the 30 million milestone for the first time. Over 99% of those wallets held less than 10 BTC, which was modest amount at that time.

1/ New #bitcoin addresses were absolutely off the charts last week.

The backstory is bullish and intriguing — a unique view on a new bull market catalyst.

I’m about to break this down ?#BTC pic.twitter.com/GPZ1e3mzAr

— Cole Garner (@ColeGarnerBTC) October 5, 2020


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