Small investors in Bitcoin (BTC) have found a unique opportunity during the crypto market crash to accumulate their favorite cryptocurrency. The number of calls “wholecoiners” it has increased by 40,000 since the June drop.
According to data from LookIntoBitcoin, the number of BTC “wholecoiners” has not stopped increasing since January 31, when the price of BTC hovered around $38,000.
However, the price of Bitcoin fell by around 27% in May and another 40% in June, the same month in which 25,389 new wallet addresses with at least one full Bitcoin were registered.
At press time the BTC price is $23,035, down 67% from its all-time high of almost $69,000 in November 2021, and the number of wholecoiners is currently at an all-time high of 891,346, based on data from August 1, 2022.
The cryptocurrency investor Lark Davis told his Twitter followers on Monday that “a lot of people are reaching their goal to have a full Bitcoin.”
The number of wallet addresses holding at least 1 #bitcoin you have jumped by about 40,000 since the crash started!
A lot of people hitting their whole coin goal! pic.twitter.com/5Lh1hRLKIh
— Lark Davis (@TheCryptoLark) August 2, 2022
Curiously, data shows that the number of wallets with more than 10 BTC, 100BTC and 1,000BTC has started to decrease, or even to be reduced during the same period.
Wallet addresses with more than 10 BTC have only increased by 600 since May, those with more than 100 BTC have decreased by 125, and wallets with more than 1,000 BTC have fallen by 113.
The price of Bitcoin has been on a modest upward trend since mid-July, however, there are mixed opinions on whether the largest cryptocurrency in the market has already bottomed out, or if further declines are ahead.
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