Number of Bitcoin “Wholecoiners” Is Growing Rapidly
Here’s some positive news amidst the bleakness you’re likely seeing…
Number of Bitcoin “Wholecoiners” is Growing Rapidly; Here’s What This Means
“Bitcoin (BTC) investors are heavily accumulating the cryptocurrency despite its ongoing downtrend, which could be a positive sign for the benchmark crypto’s macro outlook.
This growth is elucidated while looking at the number of investors who hold over 1 BTC – commonly referred to as ‘wholecoiners’ – which has been skyrocketing over the past several weeks…
….Although the selloff has shifted investor’s sentiment to be highly bearish, it appears that retail investors still have some underlying confidence in Bitcoin’s mid-to-long term outlook, as data shows that the number of wallet addresses holding over 1 BTC has just hit a fresh all-time high.”
