PhyrexNi
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How much Bitcoin do retail investors hold? Will these BTC affect the price increase?
First, if we consider holdings of less than 10 BTC as retail investors, as of now, the total amount of BTC held is 3,485,848. This number may exceed what many friends recognize, of course, many friends may also wonder if high-net-worth investors are storing BTC in a dispersed manner.
If we consider investors holding less than 1 BTC as retail investors, as of now, the total amount held is 1,388,842 BTC. This means that investors holding between 1 and 10 BTC collectively hold 2,097,005 BTC.
So even if we calculate based on holdings of less than 1 BTC, it still exceeds 1.388 million BTC. But do these investors frequently trade?
Interestingly, historical data shows that investors holding less than 1 BTC have generally been increasing their holdings over time. In simpler terms, more and more investors are choosing to hold even 0.001 BTC, and this group of investors is not very interested in selling their BTC. Although we can see signs of selling whenever BTC reaches historical highs, the amount sold by this group can be considered very small.
What about investors holding between 1 and 10 BTC?
The answer is almost similar. Investors holding between 1 and 10 BTC are still primarily holding, and compared to those holding less than 1 BTC, these investors tend to care more about “selling at the top” and “buying at the bottom.” It is evident that when prices remain high for a long time, this group of investors tends to exit, and they buy at the bottom when prices are low, but those who choose to trade are still a very small minority.
What does this indicate? Retail investors on the blockchain are not very interested in selling their held BTC, while more retail investors on exchanges tend to be short-term holders.
So when we switch to holdings of less than 10 BTC, we can see that investors holding less than 10 BTC are still primarily buying, and the higher the price of BTC, the more they buy.
As for investors holding more than 10 BTC, it is slightly harder to quantify, as this may include hot wallets from exchanges and accounts held by certain institutions.
Now, are these retail investors on the blockchain long-term holders or short-term holders? From the movement of retail investors, we can see that the probability of retail investors being long-term investors is greater than that of short-term investors. More retail investors are actually long-term holders, as the overall data continues to rise, indicating that most retail investors on the blockchain are not participating in trading.
If we consider investors holding for less than 6 months as short-term investors, then currently, short-term investors hold 3,907,136 BTC. This data is very similar to the fluctuations of addresses holding more than 100,000 BTC, and these addresses are often the holdings of first-tier exchanges or custodial institutions.
The actual situation is that addresses holding between 100 and 1,000 BTC have increased the most recently. Many friends may ask if these addresses are exchange addresses. The answer is likely no, as we see that the BTC held by exchanges has not increased, so at least not all of these addresses belong to exchanges.
So what does this data tell us? Most investors still choose to hold Bitcoin, regardless of how Bitcoin's price fluctuates, and the BTC held on-chain does not show signs of mass selling in most cases; instead, the overall trend is upward.
The BTC held by exchanges often influences price changes, so the less BTC held by exchanges, the lower the pressure on the price. Conversely, the more BTC held by exchanges, the greater the pressure on the price.
This post is sponsored by @ApeXProtocolCN | Dex With ApeX
First, if we consider holdings of less than 10 BTC as retail investors, as of now, the total amount of BTC held is 3,485,848. This number may exceed what many friends recognize, of course, many friends may also wonder if high-net-worth investors are storing BTC in a dispersed manner.
If we consider investors holding less than 1 BTC as retail investors, as of now, the total amount held is 1,388,842 BTC. This means that investors holding between 1 and 10 BTC collectively hold 2,097,005 BTC.
So even if we calculate based on holdings of less than 1 BTC, it still exceeds 1.388 million BTC. But do these investors frequently trade?
Interestingly, historical data shows that investors holding less than 1 BTC have generally been increasing their holdings over time. In simpler terms, more and more investors are choosing to hold even 0.001 BTC, and this group of investors is not very interested in selling their BTC. Although we can see signs of selling whenever BTC reaches historical highs, the amount sold by this group can be considered very small.
What about investors holding between 1 and 10 BTC?
The answer is almost similar. Investors holding between 1 and 10 BTC are still primarily holding, and compared to those holding less than 1 BTC, these investors tend to care more about “selling at the top” and “buying at the bottom.” It is evident that when prices remain high for a long time, this group of investors tends to exit, and they buy at the bottom when prices are low, but those who choose to trade are still a very small minority.
What does this indicate? Retail investors on the blockchain are not very interested in selling their held BTC, while more retail investors on exchanges tend to be short-term holders.
So when we switch to holdings of less than 10 BTC, we can see that investors holding less than 10 BTC are still primarily buying, and the higher the price of BTC, the more they buy.
As for investors holding more than 10 BTC, it is slightly harder to quantify, as this may include hot wallets from exchanges and accounts held by certain institutions.
Now, are these retail investors on the blockchain long-term holders or short-term holders? From the movement of retail investors, we can see that the probability of retail investors being long-term investors is greater than that of short-term investors. More retail investors are actually long-term holders, as the overall data continues to rise, indicating that most retail investors on the blockchain are not participating in trading.
If we consider investors holding for less than 6 months as short-term investors, then currently, short-term investors hold 3,907,136 BTC. This data is very similar to the fluctuations of addresses holding more than 100,000 BTC, and these addresses are often the holdings of first-tier exchanges or custodial institutions.
The actual situation is that addresses holding between 100 and 1,000 BTC have increased the most recently. Many friends may ask if these addresses are exchange addresses. The answer is likely no, as we see that the BTC held by exchanges has not increased, so at least not all of these addresses belong to exchanges.
So what does this data tell us? Most investors still choose to hold Bitcoin, regardless of how Bitcoin's price fluctuates, and the BTC held on-chain does not show signs of mass selling in most cases; instead, the overall trend is upward.
The BTC held by exchanges often influences price changes, so the less BTC held by exchanges, the lower the pressure on the price. Conversely, the more BTC held by exchanges, the greater the pressure on the price.
This post is sponsored by @ApeXProtocolCN | Dex With ApeX
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.