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Recent data indicates that wealthy Bitcoin (BTC) holders have substantially increased their holdings of the leading cryptocurrency in the last fortnight. According to insights from market intelligence platform IntoTheBlock, individuals possessing 0.1% or more of the total supply have acquired over $1.5 billion in BTC over this brief period. Additionally, statistics from tracking company Glassnode indicate a notable uptick in the number of investors holding a minimum of 10 BTC, with the count surpassing 150,000. This figure represents a three-year high in terms of such Bitcoin holders. As of the time of writing, Bitcoin is valued at $25,889, experiencing a marginal daily decline. Meanwhile, analytics firm Santiment is closely monitoring the collective market capitalization of the six most prominent stablecoins. The recent surge in the combined of these stablecoins may indicate the potential for a market reversal. Specifically, the total market capitalization of these stablecoins has decreased by 25.9% over the past 18 months but has shown growth since August 22nd, increasing by $663.2 million.
Read more: coinspress
