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Author Topic: Addresses With 1 BTC Are On The Rise, As Bitcoin Exits Exchanges  (Read 263 times)
crwth
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April 08, 2020, 03:55:11 PM
 #21

Or maybe they are the exchanges themselves and they are just distributing to different wallets and then EXIT SCAM???!!?!  Huh

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buwaytress
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April 08, 2020, 06:29:53 PM
 #22

Bitcoin has had a rather interesting 2020 thus far. Following a crypto market crash in March, there appears to be a rise in addresses with 1 BTC. At the same time Bitcoin appears to be existing exchanges. According to Glassnode, Despite Bitcoins' volatility, Bitcoin holders seem to be withdrawing their bitcoin from exchanges.

It's not following the market crash at all, it's been an observeable pattern for a very long time now. The problem is the whale wallets are getting bigger, but the good news since at least 2018 has been that the percentage of total circulation in the big boys' wallets has been going down. So yeah, more people with >0.01, more with 0.1 and more with 1 BTC.

May not have started VERY distributed but it's getting there!

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FAHRKERIM
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April 08, 2020, 07:00:57 PM
 #23

According to Glassnode, Despite Bitcoins' volatility, Bitcoin holders seem to be withdrawing their bitcoin from exchanges.

Never heard about this tendency, this is really good news. I hope it's due to people finally realising you shouldn't keep your assets on centralized exchanges
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