Bitcoin wallet distribution is shifting: large investors are increasing their holdings, while smaller investors are reducing positions amid market volatility.
Increase in Long-term Bitcoin Owners
The number of Bitcoin wallets holding over 100 Bitcoins increased by 135 in February, representing a 0.8% rise. This reflects a strategy from long-term and institutional investors seeking to leverage price fluctuations for larger portfolios.
Decline in Bitcoin Retail Investors
Meanwhile, the number of wallets with less than 100 BTC decreased by 138,680, indicating that smaller investors might be offloading assets in anticipation of heightened market volatility.
Bitcoin Price Volatility and Trends
Bitcoin's price stands at $98,473.32, with a 0.32% increase over the last 24 hours, but a 6.48% decrease over the week. The change in wallet distribution shows larger investors taking in assets, which could drive future market trends.
Changes in Bitcoin wallet distribution indicate increased activity from large investors amid reduced interest from retail traders, suggesting a long-term strategy to engage with market volatility.
