Retail Bitcoin investors seem to be making the most of the buying opportunity that the recent dip has brought, as the number of wallets holding a balance of 0.01 – 0.1 BTC has reached a new all-time high.
Source: Glassnode
Bitcoin price registered its biggest correction this bull season with a price retraction of 50% from the top during last month’s market sell-off. The sell-off became a perfect opportunity for new entrants to foray into the crypto market and the growing number of addresses of retail investors suggest that retail investors are not selling their Bitcoin yet.
The top cryptocurrency more than tripled its 2017 high of near $20,000 over the past 6 months, rising from just above $12k towards the end of November and reached a new ATH of $64,686. Last month’s market correction wiped off more than $500 billion from the crypto market amid panic selling and over-leveraged trading.
Bitcoin whales are accumulating Bitcoin again
Bitcoin price is currently trading above $36K tr
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