"The number of BTC-holding wallets has doubled in 10 months"
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Burak Keşmeci, a Cryptoquant researcher, noted in a report released on the 22nd that the number of BTC-holding wallets reached 2.9 million as of the 22nd, continuing its steady increase throughout the year.
The figures pointed out by Keşmeci include not only the number of BTC-holding wallets but also the increase in the amount of BTC held by these wallets.
BTC has maintained a relatively flat trend from July to September this year, after the bullish sentiment that had persisted until March was significantly dampened.
Keşmeci stated that BTC-holding wallets have consistently increased their holdings even amid market uncertainties, and the amount of BTC held by these wallets has nearly doubled compared to the beginning of the year. Keşmeci noted that the number of BTC-holding wallets was around 150 in January this year.
Keşmeci emphasized that, unlike typical investor behavior, BTC-holding wallets have not shown significant outflows, but rather have exhibited a consistent accumulation, indicating that BTC investors are dedicated to the "hold" concept as part of their long-term investment strategy.
He added that the identified BTC-holding wallets are all individual or institutional investors who have maintained consistent activity.
Kwon Seung-won, reporter ksw@
