BTC Wholecoiners Rise 40K Since the Start of the Crash in June

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Smaller Bitcoin (BTC) investors have found a unique opportunity to get their hands on their favorite cryptocurrency during the crypto slump. Since the June slump alone, the number of “wholecoiners” has increased by 40,000.

According to LookIntoBitcoin, the number of BTC “wholecoiners” has been steadily increasing since January 31, when the BTC price was around $38,000.

However, the price of Bitcoin fell by about 27% in May and another 40% in June, the same month when 25,389 new wallets held at least one whole Bitcoin.

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The price of BTC is currently $23,035, down 64% from its ATH of $64,400 in November 2021, and the number of heelcoiners is currently at a record high of 891,346 as of August 1, 2022.

Crypto investor Lark Davis told his Twitter followers Monday that “a lot of people are hitting their entire coin target!”

Interestingly, the data shows that the number of wallets with more than 10 BTC, 100BTC and 1000BTC started to decrease or even decrease during the same period.

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Wallet addresses with more than 10 BTC have only increased by 600 since May, addresses with more than 100 BTC have fallen by 125 and wallets with more than 1,000 BTC have fallen by 113.

Source: LookIntoBitcoin

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The price of Bitcoin has been on the rise since mid-July, but there are mixed opinions as to whether the cryptocurrency has bottomed out yet or if more downsides are on the way.

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