Bitcoin Retail Investors Now Hold 17% Of Total BTC Supply, But Is It Good News?
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Bitcoin retail investor numbers are on the rise. These smaller investors have less purchasing power but with so many new entrants into the market following the 2020-2021 bull market, their collective purchasing power has grown alongside the total amount they hold. Retail Investors Hold 17% Of Supply Over the last few years, bitcoin addresses holding less than 10 BTC on their balances have been picking up more BTC supply. Recent data from on-chain data aggregator Glassnode shows that these small investors now hold 17% of the total BTC supply. This subset of investors has grown by almost 50% in the
On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) saw a modest uptick in positive inflows, amassing a total of $113.5 million across a trading volume of $2.31 billion. The group of ten spot bitcoin ETFs, excluding Grayscale’s Bitcoin Trust GBTC, now encompasses 507,472.89 BTC or 2.57% of the total…
Amid rapidly growing anticipation for the launch of Spot Bitcoin Exchange-Traded Funds (ETFs) in the United States, concerns have arisen from many in the Bitcoin community regarding if these funds will truly hold spot Bitcoin or not. In response to these worries, Bloomberg Intelligence ETF analyst James Seyffart has stepped…
On-chain data shows the key Bitcoin investors have been distributing recently, with their supply share dropping to the lowest level in months. Large Holder Demand For Bitcoin Has Remained Weak Recently In a new post on X, on-chain analytics firm Santiment has talked about how the Bitcoin investor behavior has…