{"id":515899,"date":"2022-11-25T15:42:41","date_gmt":"2022-11-25T12:42:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-addresses-holding-at-least-1-btc-close-in-to-a-million\/"},"modified":"2022-11-25T15:42:41","modified_gmt":"2022-11-25T12:42:41","slug":"bitcoin-addresses-holding-at-least-1-btc-close-in-to-a-million","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-addresses-holding-at-least-1-btc-close-in-to-a-million\/","title":{"rendered":"# Bitcoin addresses holding at least 1 BTC close in to a million"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4e086c23ec0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4e086c23ec0\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-addresses-holding-at-least-1-btc-close-in-to-a-million\/#%E2%80%9D_Bitcoin_addresses_holding_at_least_1_BTC_close_in_to_a_million_%E2%80%9C\" >&#8221; Bitcoin addresses holding at least 1 BTC close in to a million &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_addresses_holding_at_least_1_BTC_close_in_to_a_million_%E2%80%9C\"><\/span>&#8221; Bitcoin addresses holding at least 1 BTC close in to a million &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5129e2ea>Smaller wallet addresses in the Bitcoin (BTC) ecosystem continue accumulating BTC despite market turmoil.<\/p>\n<p>The number of known addresses on the Bitcoin blockchain that hold 1 BTC or more has hit a new all-time high. According to blockchain analytics company Glassnode, the number of wallets holding at least 1 BTC or more reached 950,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/72265cd1-a173-4845-87f6-c80347aee5a5.png\"><figcaption style=\"text-align: center;\">Bitcoin balances of 1 BTC or more has surged since November. Source: Glassnode<\/figcaption><\/figure>\n<p>Bitcoin podcast host Jake Woodhouse told Cointelegraph that \u201cTo the untrained eye, the price of something reflects the value. However, price action should not be confused with value, as the most recent data in the Bitcoin market represents.\u201d He added:<\/p>\n<blockquote><p>\u201cPlebs around the world are hoovering up Bitcoin, as they see this is an opportunity to accumulate a wildly under-valued asset, which most assume has no value as the price collapses. &#8216;Bitcoin is dead,&#8217; shouts the mainstream&#8230; Is it? Clearly, many disagree.\u201d<\/p><\/blockquote>\n<p>Bitcoin \u201cpleb\u201d is the name adorned to ordinary people around the globe who support Bitcoin. Plebs buy Bitcoin\u2013or in pleb speak, stack sats (Satoshis)\u2013 and continue to believe in Bitcoin despite mainstream <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>\u2019s attempts to eulogize the decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>.<\/p>\n<p>The trend coincides with billions of dollars of Bitcoin and crypto exiting exchanges.\u00a0As Woodhouse suggests, the Bitcoin plebs of humbler means demonstrate higher levels of conviction while the price flirts with the low teens.<\/p>\n<p>Woodhouse digs into self-custody: \u201cHow many of these BTC are in self-custody never to be moved again? My bet: the majority.\u201d Indeed, in the aftermath of the FTX fiasco, some Bitcoin enthusiasts are learning how to take custody of their Bitcoin, registering record withdrawals from exchanges.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/1a86d0b7-748d-4b07-906b-57ffa658038d.png\"><figcaption style=\"text-align: center;\">Bitcoin Balance on exchanges trends lower. Source: Glassnode<\/figcaption><\/figure>\n<p>According to Glassnode data, exchange balances have trended down since the beginning of the year. In January, exchanger balances measured roughly 2.8 million, or almost 15% of the total supply of Bitcoin mined. In November, exchanges balances are down to 2.3 million Bitcoin or shy of 11% of the total supply.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Ledger hardware wallets hit by the FTX earthquake \u2014 CTO<\/em><\/strong><\/p>\n<p>Woodhouse told Cointelegraph, \u201cThe bear market is highlighting the fraudsters who have been selling bitcoin derivatives, naturally promoting the superpower of bitcoin self-custody, which I believe individuals are taking heed of; a signal of huge positivity for the bitcoin bulls.\u201d<\/p>\n<p> Billionaire Michael Saylor, one of the wealthiest Bitcoin bulls, agrees. Saylor recently shared nuggets of wisdom with Cointelegraph concerning the bear market. He advised Bitcoin buyers to relax and focus on the bigger picture. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-addresses-holding-at-least-1-btc-close-in-to-a-million\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin addresses holding at least 1 BTC close in to a million &#8220; Smaller wallet addresses in the Bitcoin (BTC) ecosystem continue accumulating BTC despite market turmoil. The number of known addresses on the Bitcoin blockchain that hold 1 BTC or more has hit a new all-time high. According to blockchain analytics company Glassnode,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":515900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNWYxM2M0ZWQtMzQ0Ni00NjU2LTkzNjYtMTkxMDcxZTkxNTZhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,81260,89034],"class_list":["post-515899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-community","tag-cold-storage"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/515899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=515899"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/515899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/515900"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=515899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=515899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=515899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}