In recent weeks, there has been a significant increase in the number of Bitcoin wallets holding over $1 million. This marks a positive trend reflecting the return of large-scale investors to the market.
Increase in Millionaire Wallets
In just five days, over 2,000 wallets with more than $1 million in Bitcoin were added. This surge indicates growing optimism among investors who recognize Bitcoin's long-term value and stability.
Whale and Institutional Accumulation
Wallets holding more than 1,000 BTC have also increased, suggesting that large players, including institutional investors and ultra-high-net-worth individuals, are making significant bets as they return to the market.
Long-Term Holders Remain Steady
Even as prices fluctuate, long-term holders, defined as those who have held their BTC for at least 155 days, continue to retain their assets. This behavior indicates confidence in the cryptocurrency's long-term potential.
The rise in millionaire wallets and the stability of long-term holders highlight positive changes in the Bitcoin market, showcasing the confidence of experienced investors even amidst volatility.
