Glassnode: the number of bitcoin whales is quickly growing

From the information provided by Glassnode analytical agency, the number of crypto-wallets with a balance of more than 1000 Bitcoins came close to the September 2017 figure. Right at that moment, the parabolic growth of Bitcoin started.

Whale Growth 2020

As you can see on the chart, the number of Bitcoin whales began to grow since January of this year and now has reached 1882.

Some history

For the first time in the history of the crypto industry, such number of Bitcoin whales was recorded in March 2016. At that time, the BTC rate was at $400, as of the time of this writing, the rate is $9,420. This means that large Bitcoin holders now own 23 times more wealth than four years ago.

“However, the average balance held by each whale has decreased during this period, such that whales actually hold less BTC now than in 2016, and less wealth (in USD terms) than in 2017” – the Glassnode informs.

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