A new milestone: 1M addresses hold 1 Bitcoin

Quick Take

• Over the weekend, a new milestone was reached over 1 million addresses holding 1 Bitcoin or more.
• During the run-up to the 2017 bull market, we saw 500,000 addresses hold 1 Bitcoin or more.
• A cohort who holds 1 Bitcoin or less is referred to as shrimps, who have seen huge amounts of accumulation over the last few years.
• They now hold an aggregate supply of 1,345,444, roughly 7% of the supply.

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