Over 1 Million Bitcoin Wallets Now Hold a Minimum of 1 BTC

The number of Bitcoin (BTC) wallet addresses containing at least 1 BTC has reached the 1 million mark, indicating that investors are optimistic about the major crypto asset.

Despite the recent collapse in the price of Bitcoin and other cryptocurrencies, on-chain data from Glassnode, a blockchain analytics platform, shows that investor interest in the ultra-volatile digital asset class remains strong.

Last month, crypto.news reported that Satoshi Nakamoto’s revolutionary invention had entered the accumulation phase, with the percentage of the total BTC supply that had not moved for at least five years reaching an all-time high of 28.513%.

According to the latest on-chain data, the number of bitcoin wallet addresses holding at least 1 bitcoin has reached a new high of 1 million bitcoins.

Is bitcoin price regaining bullish momentum?

After dropping to $25,811.46 on May 12, bitcoin (BTC) price appears to have regained its bullish momentum, as the asset is currently trading for $27,474.

At press time, Bitcoin has a 24-hour trading volume of $13,156,985,535, with a circulating supply and market cap of $19,373,850 and $532,640,782,691, respectively, according to CoinGecko. It remains to be seen if the bulls will remain in control of the market this week.