Holding of at least 1 Bitcoin has marked new all-time high of 836,922
According to Glassnode, a significant increase in Bitcoin addresses holding more than 1 BTC. Holding at least 1 BTC has marked a new all-time high of 836,922.
Previous ATH of 836,871 was observed on 04 May 2022
— glassnode alerts (@glassnodealerts) May 10, 2022
At least according to relatively small addresses, retail investors appear to be returning to the Bitcoin market. Addresses holding at least 0.01 BTC are also growing, reaching an all-time high of 9,989,557.
Bitcoin briefly dropped to as low as $29,731 on May 10, hitting its lowest price since July 2021 while establishing a new yearly low for 2022. At the time of publication, Bitcoin was trading at $31,163, down 0.5% over the past 24 hours.
BTC/USD 4-hour chart | Source: TradingView
Bitcoin is down nearly 55% from its all-time high in November, and 47% of Bitcoin holders are now out of money or underwater, according to IntoTheBlock data In/Out of Money.
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