April 3, 2025
Headlines

Bitcoin holders rapidly increase amid market recovery

Web Desk03 mins
Bitcoin’s heating up again, climbing to $26,000 on March 17, 2023, as investors swarm in amid what feels like a recovery vibe. On-chain data’s flashing green—Glassnode’s latest shoutout shows Bitcoin addresses holding at least 0.01 BTC hitting an all-time high of 11.66 million.

That’s not all: the total BTC address count’s ballooned to 45.14 million, per Sentiment, tacking on a wild 1.71 million since mid-January—a 3.95% spike in just weeks. The momentum kicked into overdrive after BTC busted past $26K, its highest perch since June 2022.

The little guys are showing up big. Glassnode’s chart tracks a steady climb in those 0.01 BTC holders, really picking up steam since late 2022’s post-FTX gloom. Messari’s data piles on: addresses with 0.1 BTC or more just hit 4.26 million, and the “wholecoiner” club—wallets with at least 1 BTC—grew to 987,812. Santiment’s calling it a “rapid growth” party, tying it to Bitcoin’s recent price pop.

What’s sparking this? CryptoQuant’s pointing fingers at Coinbase, where institutional heavyweights have been flexing their wallets. Their Coinbase Premium Index shows a buying frenzy among U.S. big shots on March 11 and 12, juicing BTC’s rally past $26K—peaking at $26,386 on March 14, a nine-month high. But here’s the twist: those coins are now trickling out of Coinbase, shrinking its reserves, while Binance and KuCoin keep seeing BTC pile in. It’s a split scene—Coinbase’s big players are cashing out or shifting gears, while others hoard.

Still, BTC’s not all smooth sailing. After that $26K high, it’s slipped back, dipping 1.56% yesterday to $24,868 as of now—snapping a three-day win streak. Even so, it’s up a solid 13.86% over the past week. The bank flops—like Silicon Valley Bank and Silvergate—might’ve rattled markets, but Bitcoin’s shrugging it off, hinting at a grit that’s got investors buzzing. Is this the comeback campaign kicking into gear?

 

 

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