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Micro Bitcoin wallets hit record holdings in November

Micro Bitcoin wallets hit record holdings in November

According to Santiment, Bitcoin wallets holding one or fewer BTC have reached their highest coin count ever, a surge in accumulation since November.

Santiment, a market intelligence platform with on-chain and social metrics for more than 2,500 cryptocurrencies, took to X on Dec. 18 to share that Bitcoin wallets holding one or fewer BTC now hold a record-breaking 1.4 million Bitcoin, constituting 7.3% of the total supply.

🐟🦈🐳 #Bitcoin’s wallets holding 1 or less $BTC hold their most coins ever, as they aggressively picked up their accumulation since the beginning of November. Mid-tier wallets are slightly down in the past couple months, while whales have increased. https://t.co/fswoTrzNUv pic.twitter.com/gPGLJyKP2g

— Santiment (@santimentfeed) December 18, 2023

Simultaneously, wallets with 100+ Bitcoin collectively, also known as whales, now account for 11.5 million Bitcoin in an increase over the past couple of months, representing 59.1% of the supply, while wallets with 1-100 Bitcoin collectively hold 6.5 million BTC, making up 33.6% of the supply, in what is a slight decline in the same period.

You might also like: Santiment: Cryptocurrency markets experience resurgence

Santiment reports that at the same time, during the last non-holiday weekend of 2023, the cryptocurrency market experienced a modest decline.

📉 #Crypto has seen a mild slide in its final non-holiday weekend of 2023. #Bitcoin has dropped back to $41.6K, while #Ethereum is faring a bit better as it hangs just above $2,200. #InternetComputer has been the outlier, more than doubling its market cap in a week.

(Cont) 👇 pic.twitter.com/c0lhlrrwgA

— Santiment (@santimentfeed) December 17, 2023

Bitcoin, tagged at $41,600, witnessed a pullback, while Ethereum (ETH) demonstrated relative resilience by hovering slightly above $2,200.

Read more: Ethereum price can reclaim $2k in August, Santiment predicts

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