Bitcoin’s liquidation is second, as the market goes crazy as the crypto market pumps following the ETH ETF approval rumor. Bitcoin’s total liquidations stand at $97.06 million, with $10.98 million in longs liquidated and $86.08 million in shorts liquidated.
Bitcoin surged around 7%, currently standing at $71,078.15, in the past 24 hours. Bitcoin’s 24-hour trading volume surged by a staggering 129%, valued at $51.85 billion with a market capitalization of 1.40 trillion.
Bitcoin holdings are steadily increasing as more and more wallet owners add Bitcoins to their assets. The number of Bitcoin addresses holding balances exceeding $1 million has soared to a record high of 112,743.
Edith Reads, the financial analyst, says that the unprecedented figure of 112,743 Bitcoin addresses with over $1 million underscores the increasing confidence among investors and the rising adoption by institutions.
This milestone serves as a confirmation of Bitcoin’s utility as a store of value and signals substantial advancement in the broader acceptance of digital assets.
In 2023, the number of Bitcoin addresses holding over $1 million surged by a staggering 237%, reaching more than 81,717 by the year’s end. By April 17th, 2024, the count had climbed to around 108,000.
Among these holders, Satoshi Nakamoto, the enigmatic figure behind Bitcoin, remains the owner of the largest stash, totaling over 1.1 million BTC, valued at roughly $73 billion as of May 2024.
This significant wealth is distributed across approximately 22,000 addresses and has largely remained untouched. Despite owning such a substantial portion of Bitcoin, it operates in a decentralized manner, meaning that no single entity, including its creator, can dictate its operations or underlying protocols.
Also Read: Bitcoin ETFs See $237M Inflows as BTC Surges 7% to $71000
