In the past many months, Bitcoin addresses have fluctuated in the process of accumulation and sale. However, an important situation is that although the market has entered the new year less than a week ago, it will still maintain a steady growth in 2023. The key people here are those who have Bitcoin addresses with more than 10 BTC balance.

Small and medium-sized Bitcoin investors need higher market share

According to a data chart released by Glassnode Alerts on Twitter, the total number of Bitcoin addresses with more than 10 BTC in the account balance hit a 2-year high. This group of investors had previously declined significantly, especially when the price of digital assets fell and plummeted several times.

Even so, these people will restore their optimistic attitude towards Bitcoin at the end of 2022. Back on December 30, there was only one day left in this year. After a big jump, the total number of 10 BTC addresses had reached a 2-year high of 155283 detailed addresses, but only one week later, it would soar to a 2-year high of 155286.

Take a look at the data chart above. It reflects how much it rose last month. The results show that the total number of investors meeting this standardization has increased by about 4%, and this is not the only enterprise with such sustained growth.

Another group of accounts with a balance of more than 1 BTC address has also seen a great improvement in the new year. This time, it reached a new historical high of 979707 addresses, but by the end of 2022, the development trend of this address is about 800000.

What does cumulative mean to BTC

Although the scale of Bitcoin makes it difficult for it to independently follow this kind of cumulative development trend, having 1 and 10 BTC addresses shows this improvement, which undoubtedly plays a positive role in digital assets. If the price of digital assets is not changed, it will have a positive effect on the market to enhance investor sentiment at such a monotonous stage.

According to the data information of Coinmarketcap, in the past seven years, the price of Bitcoin has returned to green, up 1.39%. The loss of digital assets has dropped to 0.56% in the past day. This means that BTC can still maintain its support above US $16600 and prevent empty orders at the same time.

At the time of writing this article, BTC changed hands mainly at the price of 16730 US dollars. The trading volume fell 6.83% on the last day, reaching 14.4 billion US dollars.