Data compiled by CryptoSlate shows that the number of Bitcoin wallets holding 10 to 100 BTC had their supply rise from 2.98 to over 3.26 million coins between 2018 and 2022.
However, in the respect of accuracy, there are a few caveats to this data. It is unclear how many of these wallets belong to exchanges, over-the-counter trading desks, or other entities rather than individuals. Further, data on the Bitcoin aSOPR trend also depicts extreme capitulation across the market at large.
It is also unclear whether new or existing users hold the wallets. Nevertheless, the data does provide some interesting insights.
For one, the number of Bitcoin wallets holding non-whale amounts of BTC has grown significantly in recent months. This suggests that there is increasing demand for BTC among small-holder investors and a growing appetite for Bitcoin as an investment.
It is also worth noting that the growth in wallets holding 10 to 100 BTC is far greater than the growth in wallets holding
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