Bitcoin's New Year's Gift: Surprise Increase in This Metric Could Wake Up the Bull! - Coin Bulletin

**Bitcoin, reaching 99,000 dollars, is exciting investors before the New Year, and the increase in accumulation in large wallet groups indicates the continuation of the bull market.

According to data provided by Santiment, Bitcoin and altcoins have shown a strong recovery movement as the new year approaches. Bitcoin (BTC) has risen to the level of 99,000 dollars, putting investors in anticipation of a 100,000 dollar New Year's gift.

The distribution of Bitcoin wallets based on their sizes is among the factors that provide important clues about the current state of the market.

The number of wallets holding 0-0.1 BTC during this period reached 50.17 million, the number of wallets holding 0.1-10 BTC reached 4.31 million, the number of wallets holding 10-1,000 BTC reached 150,130, and the number of wallets holding more than 1,000 BTC reached 2,050.

In particular, increases in wallet groups containing 10-1,000 BTC and 1,000+ BTC are considered a strong sign of the sustainability of the bull market.

It was observed that during the year 2024, there was an increase in both the number of these large investor groups and a stable growth in their Bitcoin accumulations.

Analysts predict that if the stability in these groups continues, Bitcoin's upward momentum will continue. This recovery has increased year-end profit expectations for both individual and institutional investors.

Bitcoin and altcoin investors are advised to carefully evaluate opportunities in this movement before New Year's Eve and closely monitor market dynamics.

BTC-0.74%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-22a498a4vip
· 2024-12-25 08:39
To the moon 🌕
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)