Individual wallets holding at least one bitcoin (BTC) set a milestone figure earlier this week, suggesting long-term sentiment for the tokens remains intact even as broader markets weigh down bitcoin prices.
Data from the on-chain analytics tool Glassnode show bitcoin wallets holding more than one token crossed the millionth mark on Monday. This is a 20% bump since February last year.
The data shows that bitcoin wallets holding one token grew by 79,000 between November and January – amid the collapse of crypto exchange FTX as prices fell from over $22,000 to briefly under $16,000.
Source: One Million Individual Wallets Now Hold a Whole Bitcoin (BTC)