The number of large investors rose to the level of 2017, when the price of the first cryptocurrency rose from $ 3,000 to $ 20,000

The number of addresses containing at least 1000 BTC or $ 9.5 million increased to 1882. Thus, this figure reached the level of September 2017. At that time, the first cryptocurrency was trading in the range from $ 3,000 to $ 4,500, within three months it went up to $ 20,000. The data was published by the analytical service Glassnode on its blog .

The number of large investors fell to a minimum in January last year, when bitcoin fell to $ 3200. Then the number of addresses with 1000 BTC and more was about 1630. Since then, it began to grow and over the year and a half increased by more than 15%. Perhaps the “whales” were accumulating coins in anticipation of a new rally in the cryptocurrency market.


Dynamics of the number of addresses with 1000 BTC and Bitcoin exchange rate 

Today, June 16, the head of CryptoQuant analytics service, Ki Young Joo, said that major players began selling bitcoin stocks. This caused the asset price to fall below $ 9000, which happened yesterday, and may indicate its transition to a downtrend.