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Bear Market Effect: Bitcoin Addresses Holding Over 1,000 BTC Drop to a 4-Year Low

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There are currently only 1,997 addresses holding 1,000+ BTC, a figure last seen four years ago.

According to the blockchain data platform Glassnode, the total number of Bitcoin addresses owning 1,000 BTC or more has plunged to its 2019 levels. The entity revealed that currently, there are just 1,997 addresses holding over $26.

4 million worth of the primary cryptocurrency .
 

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