Number of Bitcoins (BTC) Held Approaches Record Level in 2015! Bull Signal?

Despite the whale sales Bitcoin (BTC) hodl addresses 800 thousand approached. Someone is accumulating BTC during the 2022 BTC bear market and this trend shows no signs of reversing.

Both the Number of Bitcoin (BTC) Held and the Number of Addresses Increase

On-chain analytics firm glassnodeData from , shows that the total BTC balance, called “hodl addresses”, is approaching an all-time high.

According to Glassnode, their BTC balance is almost at a record level, with more BTC savings addresses than ever before.

Hodl addresses total as of 25 December 3,099,828 BTC contains.

This number is the all-time high seen in August 2015. 3,403,280 BTCIt’s getting closer to. Since Christmas 2021, the savings address balance appears to have increased by about 18%.

Meanwhile, on-chain analytics platform CryptoQuant argued in a separate analysis that the overall long-term trend remains bullish, despite larger hodlers reducing their BTC exposure.

Analysts say that “larger (whale) owners selling to smaller owners (retail) is what you really want to see if you believe in a long-term BTC thesis. BTC becomes more distributed over the network.

Instead of being in the hands of a few whales, it goes into the hands of more investors. And that’s just a good thing,” he says.

On the other hand, the increase in the number of smaller BTC wallets came as a result of the FTX collapse and users rushed to remove the coins from their exchanges.

*Not investment advice.