Addresses Holding No More Than 0.01 BTC Reach Near 37 Million, Setting New All-Time High
According to Glassnode data on September 18th, the number of addresses holding no more than 0.01 BTC increased by 885,000 over the past 30 days, approaching 37 million and reaching a new all-time high. This marks the fifth major accumulation event for this group over the past five years, indicating that 'micro investors' are steadily increasing their influence in the Bitcoin market. However, it's worth noting that the Bitcoin ecosystem is still dominated by a smaller, potentially wealthier group.
According to Glassnode data on September 18th, the number of addresses holding no more than 0.01 BTC increased by 885,000 over the past 30 days, approaching 37 million and reaching a new all-time high. This marks the fifth major accumulation event for this group over the past five years, indicating that 'micro investors' are steadily increasing their influence in the Bitcoin market.
However, it's worth noting that the Bitcoin ecosystem is still dominated by a smaller, potentially wealthier group. The continued accumulation by this small cohort highlights the concentrated nature of Bitcoin's ownership structure, an issue frequently raised within the crypto community. Nevertheless, the influx of small-scale investors contributes to Bitcoin's distribution and may help reduce asset concentration over time.