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Bitcoin Ownership Trends Show Fewer 1+ BTC Holders in 2024

  • The number of Bitcoin addresses holding over 1 BTC has dropped from 1.024 million to 1.013 million since early this year.
  • Approximately 99% of Bitcoin holders are in profit as market optimism rises, boosted by institutional interest and ETF approvals.
  • The decline in the number of addresses holding more than 1 BTC suggests selling or distribution of Bitcoin by some owners.
  • Increased institutional interest and the approval of Bitcoin spot ETFs drive optimism, pushing Bitcoin closer to record prices.

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