The number of small investors investing in the flagship of cryptocurrencies Bitcoin has reached a new high, according to on-chain data. Blockchain analytics company Glassnode has released new data. According to data published on Twitter, the number of investors holding at least 0.01 BTC has set a new record. The number of small investors holding at least $200 in Bitcoin in their wallet has exceeded 10.7 million.
"#Bitcoin $BTC Number of Addresses Holding 0.01+ Coins just reached an ATH of 10,702,698 Previous ATH of 10,702,327 was observed on 15 September 2022"
A bear market has been seen for a long time in crypto money markets, especially Bitcoin. It is remarkable that the number of BTC investors continues to increase while cryptocurrencies are constantly losing value. Ali Martinez, one of the popular analysts, drew attention to another data on Twitter.
"#Bitcoin | The number of new daily addresses created on the $BTC network appears to rise again as it makes a higher high of 417,354 new addresses. This suggests a spike in interest from sidelined investors to scoop up #BTC around the current price levels "
Martinez tweeted that the number of new daily addresses created on the Bitcoin network has increased despite the drop in price. The analyst stated that he thinks BTC is cheap right now, so new investors are creating wallets.
Robert Kiyosaki, the author of the book “Rich Dad, Poor Dad”, predicted last week that Bitcoin could fall to $ 1,100 under current conditions. The world-famous economist expects a collapse in all world markets. However, he recommends cryptocurrencies to investors for the long term. The leading cryptocurrency Bitcoin has been trading in the $18,500-25,000 channel for about 2.5 months. Breaking this channel up or down can determine the fate of BTC.