New Diar Report Reveals Bitcoin Retail Investor Holdings Continue Incremental Growth
According to a recent report released by Diar, on-chain data for Bitcoin addresses shows that retail investors remain bullish about virtual currencies. Addresses holding between 1 and 10 Bitcoins represent 10% of the total circulating supply of Bitcoin.
As per the report released by Diar, these addresses have experienced a positive growth year-on-year. Since Bitcoin peaked back in December 2017, the number of BTC in these addresses increased by 5%.
While 2018 say a small increase if we compared the data to the previous year, it is possible to see a 3% increase in addresses that hold Bitcoins within the 1-10 BTC band. 91% of the addresses has never made an outgoing transaction and those who had made a transaction left behind a neat number of BTC.
97% of the addresses that have between 5 to 10 Bitcoins have not moved since they reached these wallets. However, this represents just 2% of the total Bitcoin supply. The report explains that the growth has been fairly evident but is unlikely to have the ability to move markets.
55% of the addresses that hold 5 Bitcoins (around 60,000 BTC in total) have been placed in wallets before September 2017. 49% of addresses holding 10 Bitcoins have received these funds before September 2017 as well, representing 88,000 BTC. Thus, around 75,000 Bitcoins were allocated when Bitcoin was trading above current levels.
48% of the circulating supply that is allocated between 10 and 1000 BTC addresses have seen a decline in the total holdings they had since the last year. However, these addresses could eventually belong to exchanges, but the trend seems to be changing downwards. Moreover, this could be related to a better distribution of Bitcoins among participants.
Nonetheless, this information could also mean that there is an exodus of larger investors and a lack of interest from new individuals to place large sums of money in the cryptocurrency space.