The number of people holding 1 Bitcoin has exceeded one million for a consecutive year! The options market is optimistic that BTC will reach a new high in September

This site (120btC.coM): Addresses that hold at least one Bitcoin are called "wholecoiners" and account for a large proportion of Bitcoin holdings. Therefore, the number of wholecoiners is also an important reference indicator that can help us judge the market's confidence in Bitcoin's future prospects. BTC Wholecoiners Remain Above 1 Million for 13 Consecutive Months The number of wholecoiners passed the 1 million milestone on May 13, 2023, when the Bitcoin price was $27,000. On January 1 this year, the number of wholecoiners reached a record high, with more than 1,024,000 wallets holding one or more Bitcoins. So far, the number of wholecoiners remains at 1,010,800, which has remained above 1 million for 13 consecutive months. Although the price of Bitcoin has fallen from its historical highs in recent months, the number of people has not declined, which may imply that wholecoiners judge that Bitcoin has not yet reached its stage high. Can BTC Wholecoiners judge the bottom? On the other hand, the number of wholecoiners surged during the 2022 Bitcoin price drop of more than 65%, with the most significant growth occurring during the market crash in June and the period after FTX collapsed and filed for bankruptcy in November. During this period, no one can be sure whether the bottom of Bitcoin has arrived, but as the number of wholecoiners increases, it may also be regarded as an indicator that giant whales are building a bottom. In hindsight, the period when Bitcoin dropped to $15,500 in November 2022 was indeed the bottom of the last bear market.

BTC options OI expiring in September

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