Bitcoin Addresses with 10+ BTC Drop in 2024, Then Rebound
In 2024, the count of Bitcoin addresses holding at least 10 BTC has been on a decline. At the start of the year, there were roughly 155,500 such addresses.
By late March, this number had dropped to about 152,600, marking a significant decrease.
This trend contrasted with Bitcoin’s price movements during the same timeframe, suggesting that major holders were realizing profits.
However, the trend reversed in August, with the number of addresses holding over 10 BTC rising to approximately 153,500 as Bitcoin’s price hovered around $60,000.
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Historically, since 2015, the number of addresses with at least 10 BTC has generally increased, paralleling Bitcoin’s price rise from below $500 to over $60,000 by 2021.
This long-term trend reflects growing accumulation among substantial holders, typically viewed as a sign of confidence in Bitcoin’s value. The drop in mid-2024, however, indicates potential short-term selling or portfolio adjustments following the recent halving.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
