According to the data from crypto analysis platform Glassnode, two critical metrics have reached a new record. Glassnode Alert shared on its Twitter account that the number of addresses holding at least 0.01, 0.1, 1, and 10 BTC in their portfolios has reached an all-time high and shared the latest data.
Two Critical Metrics in Bitcoin Reach Record Levels
According to the latest data from crypto analysis platform Glassnode, two critical metrics have reached record levels in Bitcoin. Glassnode Alert shared on its Twitter account that the number of addresses holding at least 0.01 BTC, 0.1 BTC, 1 BTC, and 10 BTC in their portfolios has reached an all-time high.
According to the latest data shared by Glassnode, the number of addresses holding at least 10 BTC in their portfolios has reached 157,515. The previous record for the number of addresses holding at least 10 BTC was 157,514.
Analysts suggested that if micro and macro investors continue to add significant amounts to their accumulations, a new uptrend could begin in the cryptocurrency market. However, significant outflows were also recorded in digital asset investment products, in addition to the data shared by Glassnode. According to the weekly report of digital asset manager CoinShares, there was a $53.5 million outflow from digital asset investment products last week.
Bitcoin (BTC) Approaching $28,000 Levels
Bitcoin (BTC), the leading cryptocurrency, started the new week with an increase and surpassed the $27,300 levels with its recent price gains. Ethereum (ETH), on the other hand, started trading at around $1665 with a 2% increase in the last 24 hours.
The total market value of the crypto industry saw an average increase of $20 billion within hours. In addition, due to the volatility in the cryptocurrency market, an average of $85 million worth of short and long positions were liquidated in the last 24 hours, according to Coinglass data.
Crypto analyst Michael Van de Poppe, evaluating the latest situation in Bitcoin, stated that the leading cryptocurrency gained momentum with the surpassing of the $26,800 levels. The analyst also claimed that the current trend in the cryptocurrency market is upward and shared his thoughts that the uptrend could continue.
