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crypto.news 2025-01-27 07:02:01

Wallet addresses holding at least $100 in Bitcoin approach all-time highs: report

Wallet addresses holding at least $100 in Bitcoin are approaching all-time highs as per a recent report by Binance. On-chain data shows a major increase in small Bitcoin ( BTC ) holders, showing a surge in renewed interest and optimism for BTC. This retail growth goes parallel to the institutional adoption driven by BTC ETFs, which saw holdings double from 650,000 BTC to over 1,250,000 BTC throughout 2024. On-chain data reveals a growing number of wallet addresses holding at least $100 in Bitcoin, nearing all-time highs. This surge highlights renewed interest as more participants join the market. Read more 👉 https://t.co/OEC1rWbetN pic.twitter.com/ArBK8zSN5Z — Binance (@binance) January 26, 2025 The expanding retail presence comes as BTC shows strong holder behavior, with over 50% of BTC remaining unmoved for more than two years. Market metrics support this retail momentum, with 86% of BTC currently showing profit, suggesting widespread positive returns across wallet sizes. Accumulation rates have accelerated, with CryptoQuant data showing a monthly expansion of 228,000 BTC. However, accumulator addresses reach record acquisition rates of 495,000 BTC monthly. You might also like: Jupiter DEX changes, Musk’s blockchain plans, MicroStrategy’s Bitcoin buys | Weekly Recap CryptoQuant data has also revealed that large investors are driving Bitcoin price gains since the US election. As per their data, the holdings have grown from 16.2 million to 16.4 million BTC. However, small investors reduced theirs from 1.75 million to 1.69 million. Large investors are driving Bitcoin price gains since the US election. Holdings grew from 16.2M to 16.4M BTC. Meanwhile, small investors reduced theirs from 1.75M to 1.69M. pic.twitter.com/jwu88GLJl7 — CryptoQuant.com (@cryptoquant_com) January 25, 2025 The institutional sector has been changed by ETF launches, notably BlackRock’s iShares Bitcoin Trust (IBIT). The ETF has accumulated over $50 billion in assets within 11 months, marking the most successful ETF launch in history among BlackRock’s global offerings. Technical indicators show that the MVRV Z-Score is remaining below levels typically associated with market tops. The Crypto Fear and Greed Index maintains a healthy bullish sentiment, with a 30-day simple moving average at 75% as per the Binance report. Read more: Bitcoin ETF weekly inflows slowdown despite optimism following Trump’s inauguration

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