Bitcoin (BTC) opened at $30,366 on July 11, Asian trading time, maintaining a strong presence above $30,000.
Bitcoin recently surpassed a symbolic milestone after trading volumes and price action remained flat over the past few days as the market struggled with reduced liquidity.
According to Glassnode, there are 1,008,737 wallets holding at least 1 BTC, a record high. The number of wallets holding at least 1 BTC surpassed 1 million for the first time in May and has continued to rise since then.
This indicates that the network is becoming more decentralized. Meanwhile, the number of whales (large holders) is declining, according to Glassnode data.
The increase in wallets is due to the popularity of Ordinals, so-called Bitcoin NFTs.
A number of indicators point to increased activity on the Bitcoin network, such as the number of miners sending Bitcoin to exchanges, or the number of addresses holding at least 0.1 BTC.
｜Translation: CoinDesk JAPAN
｜Editing: Takayuki Masuda
| Image: Glassnode
｜Original: First Mover Asia: Individual Wallets Holding 1 Bitcoin Hit All-Time High as BTC Maintains $30K