TL; Fault DR
- The address of Bitcoin, which has a balance of at least 10,000 coins, is declining. Glassnode has set the current figure at its lowest level, 82.
- The cryptography department is developing. Experts believe that the decline in the wallet does not indicate a downward trend.
Bitcoin Address (BTC) The stock of at least 10,000 coins is at an all-time low. Award-winning Chinese journalist Colin Wu has revealed.
He broke the news on Twitter, quoting Glassnode, a chain market analysis firm. In its data, the company showed that the addresses on October 17, 2021 reached 82.
These figures have fallen freely this year. Earlier this year, Glassnode reported that the number of addresses had reached 115. They were slightly above 90 in March. And now they have dropped further and reached their lowest level (ATL) 82.
In contrast, the number of Bitcoin addresses with a balance between 10 and 1000 BTC is increasing. Santiment, another market analyst, says the sector grew 254 wallets in five weeks. This figure represents a growth of 1.9 percent during this period.
Bitcoin enthusiasts pay attention to the news
Wu tweets have drawn mixed reviews from crypto fans. One user, Ismail Vismashoar, suggested that a reduction in these addresses was a predictor of an evacuation. He claimed that whales were sold because they were interested in something.
Qaisar Ali @ QaisarAli1293 and John Musa from @ AndroidX55 share Ismail’s feelings. Ali wonders if there is imminent rubbish while Moses seems to mean that another season is coming.
But no one states it as explicitly as @ cosmicp01. In response to Wu, he says that this development shows that the big owners are getting out of this scam. This is a bitcoin scam.
CryptoReggae, on the other hand, believes the benchmark is useless. He explains that if he has 10,000 BTC and divides it into 100 addresses, it will remain the same. In his view, such criteria are a trick used to market a product.
And he is not the only one who has such thoughts. Another user who identifies himself as CryptoEllinWood agrees. He says the drop could be due to the splitting of some of their BTC assets into several wallets.
However, others decide to see the positive aspects of the news. One participant, hellocgs, says this is a good signal. The exit of the whales destroys the manipulative network.
Bitcoin is going through a significant process.
Analysts say the drop in wallets is not a cause for concern. If so, BTC is bullish. Again, all indicators point to maintaining its performance.
They agree that some BTC holders can diversify their assets. They divide their balance between several addresses as a protection against danger.
In addition, this steady decline in whales is positive for the BTC network. This means that the network is being distributed. This in turn welcomes decentralized reception.
As the debate escalates, digital currency continues to rise. At the time of writing, it costs $ 60,995. 80. This figure is about 6% lower than its highest level of 64 US dollars, 863.10.
The dramatic BTC trend continues elsewhere. For example, the number of profitable addresses reached its highest level, reaching 62 million people. Conversely, the number of lost addresses in the five-month ATL is about 2 million.