Would you believe it? It seems like every Tom, Dick, and Harry with a Bitcoin wallet is rolling in dough! Onchain data is whispering secrets that the number of Bitcoin wallets with at least $100 is sky-high, almost touching the clouds!
Binance, the big cheese of crypto exchanges, has spilled the beans: from a mere 24 million in January 2024, the number of wallet addresses with $100 or more has bloomed to nearly 30 million in 2025. That’s a jump of 25% in just a year! It’s like everyone’s joining the Bitcoin bandwagon, and who can blame them? 💼🚀
“Oh, look! A fresh batch of crypto enthusiasts has hopped on board,” Binance’s blog post chirped. “It’s a sign of the times, folks—optimism is in the air, and it smells like digital gold!”
Remember those good old days when Bitcoin was on a roll, like in late 2017 and 2021? Well, history’s repeating itself, and wallet counts are spiking again! Mid-2024 saw a surge so big, you’d think Bitcoin had just won the crypto lottery by surpassing the $100,000 milestone. 🎉
And let’s not forget the mighty spot Bitcoin ETFs, with BlackRock’s iShares Bitcoin Trust (IBIT) leading the charge. By the end of 2024, ETF holdings doubled to a whopping 1.25 million BTC. IBIT alone gathered over $50 billion in assets. It’s like the Bitcoin version of a treasure chest! 🏴☠️💰
Hashrate Hits the Roof!
Bitcoin’s network security is now so tight, it’s like a fortress! The hashrate has zoomed past 800 exahashes per second (EH/s) in January 2025, up 33% from 600 EH/s last year. It’s like Bitcoin’s got superpowers that even the tech giants can’t match!
“Bitcoin’s hashrate is off the charts,” Binance boasts. “It’s even stronger than the combined computing power of Amazon AWS, Google Cloud, and Microsoft Azure—combined, they’re just a drop in Bitcoin’s vast ocean!”
Hashrate, for the uninitiated, is the muscle behind Bitcoin transactions. The more muscle, the safer the network, and the harder it is for the baddies to mess with it. It’s a sign that miners are flexing their digital biceps and have faith in Bitcoin’s bright future. 💪🔒
86% of Bitcoin Holders Are Smiling All the Way to the Bank!
Market sentiment is as strong as an ox, with a whopping 86% of Bitcoin in circulation “in profit,” according to CryptoQuant. Accumulator addresses are buying Bitcoin like there’s no tomorrow, reaching a record pace of 495,000 BTC monthly. It’s like they’re on a Bitcoin shopping spree! 🛍️💸
Ki Young Ju, the big boss at CryptoQuant, noticed something curious. He posted on X:
“It seems like the little guys with [less than] 1 BTC are cashing out, while the big shots with [greater than or equal to] 1 BTC are stocking up.”
Young Ju thinks we’re in the twilight of the Bitcoin bull market. He reckons we’re in the “early distribution phase,” with new retail investors jumping in and institutional interest still hot. It’s like a game of musical chairs, but with Bitcoin!
Ju painted a picture of the typical Bitcoin distribution process, where the big fish (whales) sell to the small fries (retail investors). But this time, there’s a twist: the “OG retail investors and whales” are passing Bitcoin to newbies and institutional bigwigs holding “paper Bitcoin” through ETFs and corporate stocks. The final retail rush, he predicts, won’t happen until mid-year or maybe even next year. So, hold onto your hats, folks! 🎩🚀
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2025-01-26 14:21