The number of bitcoin owners has increased by 40,000 since the crypto crash began

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Bitcoin investors have found a unique opportunity during the crypto decline to snap up their favorite cryptocurrency, as the number of full coin holders has increased by 40,000 since the June drop alone, and according to LookIntoBitcoin   , the number of full-coin owners has been steadily increasing since January 31, When the price of Bitcoin was around $38,000.

 however, the price of Bitcoin dropped about 27% in May and another 40% in June, the same month that saw 25,389 new wallets containing at least one full coin.

Bitcoin at the time of this writing is $23,035, down 64% from an all-time high of $64,400 in November 2021, and the number of traders is currently at an all-time high of 891,346 as of August 1, 2022.

The number of bitcoin owners has increased by 40,000 since the crypto crash began
The number of bitcoin owners has increased by 40,000 since the crypto crash began

Crypto investor Lark Davis told his Twitter followers on Monday that a lot of people are achieving their full goal of acquiring the coin, and interestingly.

 the data shows that the number of wallets holding more than 10 bitcoins, 100 bitcoins and 1,000 bitcoins has begun to decrease. gradual or even decline during the same period.

Wallet addresses with more than 10 BTC have only gone up 600 since May, addresses with more than 100 BTC have fallen by 125 and wallets with more than 1,000 BTC have gone down by 113, Bitcoin price is trending higher since mid-July However, there are mixed opinions on whether the cryptocurrency has already bottomed, or if more downsides are on the way.

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