{"id":565511,"date":"2021-01-28T16:31:07","date_gmt":"2021-01-28T13:31:07","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565511"},"modified":"2021-01-28T16:31:31","modified_gmt":"2021-01-28T13:31:31","slug":"bitcoin-addresses-holding-1k-btc-increases-by-6-in-28-days","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-addresses-holding-1k-btc-increases-by-6-in-28-days\/","title":{"rendered":"Bitcoin Addresses Holding 1k+ BTC Increases by 6% in 28 Days"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n The number of Bitcoin addresses<\/a> holding 1,000 BTC or more has hit a new all-time high of 2,450. This is according to an analysis done by the team at Bloqport who also pointed out that these whale addresses increased by 140 in 28 days. This amount is a 6% increment in the stated time period and could be the first indication of an expected Bitcoin price increment<\/a> by investors.<\/p>\n The team at Bloqport shared their observation of Bitcoin<\/a> via the following statement<\/a> and accompanying chart courtesy of Glassnode.<\/p>\n The number of addresses holding 1,000 BTC just reached a new all-time high of 2,450. Over the last 28 days, 140 new whale addresses with 1K+ BTC were created, suggesting large entities may be expecting a significant price rise for <\/span>Bitcoin<\/span> in the near future.<\/span><\/p><\/blockquote>\n <\/a><\/p>\n Also worth mentioning is that the funding rate on Bitcoin futures across major exchanges dipped below zero with yesterday’s sell-off that saw Bitcoin print a double bottom<\/a> around the $29,200 price area. This means that the Bitcoin futures funding rates experienced the proverbial factory reset. Bitcoin traders can now gear up to long BTC once again without the heavy burden of high funding rates that eat into profits.<\/p>\n The reset in Bitcoin futures funding rates was highlighted by the team at Glassnode via the following tweet.<\/p>\n #Bitcoin<\/a> futures funding rates across major exchanges dip below zero.<\/p>\n Chart: https:\/\/t.co\/UCmp2OkdOR<\/a> pic.twitter.com\/JXw7S5jvVo<\/a><\/p>\n — glassnode (@glassnode) January 27, 2021<\/a><\/p><\/blockquote>\n\n
Bitcoin Futures Funding Experiences a Reset<\/h2>\n
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