BTCUSD on TradingView.com<\/a><\/pre>\nHowever, it is also important to take into account the current crypto market climate. The \u2018crypto winter\u2019 is in full bloom, so the next bull market could still be another year away. Given this, adoption will likely help sustain the current price trend rather than trigger a rally.<\/p>\n
Nevertheless, the steady rise in wallets holding less than 10 BTC shows more interest from the broader investor community. It also marks significant accumulation among smaller investors during this time.\u00a0<\/span><\/p>\nFeatured image from Coincu News, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin retail investor numbers are on the rise. These smaller investors have less purchasing power but with so many new entrants into the market following the 2020-2021 bull market, their collective purchasing power has grown alongside the total amount they hold. Retail Investors Hold 17% Of Supply Over the last few years, bitcoin addresses holding less than 10 BTC on their balances have been picking up more BTC supply. Recent data from on-chain data aggregator Glassnode shows that these small investors now hold 17% of the total BTC supply. Related Reading: Shiba Inu Welcomes 10,000 New Holders, Can SHIB Keep Up The Momentum? This subset of investors has grown by almost 50% in the last two years from around 12% to 17.3%, and a 0.5% increase in the last 30 days as data from Santiment shows the percentage of supply held by addresses holding between 0.001-10 BTC was sitting at 16.8% on Nov. 1, 2022. Interestingly, this BTC holder base had seen a significant decline at the start of November. This coincides with the collapse of the FTX crypto exchange, taking a good number of investor coins down with it. However, the recovery has been swift and retail holders are back to building their balances back up. Retail holders held less than 17% of supply on Nov. 1 | Source: Santiment The increase in retail investor numbers follows the same patterns as previous bull markets such as the 2017 bull market. This shines through in the fact that at the start of 2021, these small holders only account for 13.9% of all BTC supply. Is This Good News For Bitcoin? The accelerated adoption rate has been good news for bitcoin and was one of the main drivers behind the 2021 bull market. Looking back, the rise in retail holder numbers has always been good news for the digital asset. It propels the adoption of the cryptocurrency, as well as helps to distribute the total supply to more holders. Related Reading: Cardano (ADA) Falls Below Critical Point, Why There Is More Pain To Come Currently, the vast majority of BTC\u2019s supply is still being controlled by large. With more retail investors buying coins, there is more demand for the digital asset. More demand leads to scarcity and scarcity begets higher prices. BTC losses footing at $17,000 to settle below $16,900 | Source: BTCUSD on TradingView.com However, it is also important to take into account the current crypto market climate. The \u2018crypto winter\u2019 is in full bloom, so the next bull market could still be another year away. Given this, adoption will likely help sustain the current price trend rather than trigger a rally. Nevertheless, the steady rise in wallets holding less than 10 BTC shows more interest from the broader investor community. It also marks significant accumulation among smaller investors during this time.\u00a0 Featured image from Coincu News, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":513221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,12210,1119,87486,1144],"class_list":["post-513212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-supply","tag-btc","tag-btc-holders","tag-btcusd"],"acf":[],"yoast_head":"\n
Bitcoin Retail Investors Now Hold 17% Of Total BTC Supply, But Is It Good News?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n