Bitcoin Wallet Distribution Shifts Amid ETF Adoption, Bitcoin To Hit 63,000 By March 2024

Recent data highlights significant shifts in the distribution of Bitcoin across various sized on-chain wallets, coinciding with the increasing popularity of ETFs.

According to insights from Santiment feeds, the past 30 days have seen notable changes:

– There has been a 7.4% increase, equating to 147 more wallets, holding at least 1,000 BTC compared to the previous month.

– Conversely, there has been a reduction of 509,000 wallets holding less than 1 BTC, marking a 1.0% decrease.

– Similarly, there are now 1,237 fewer wallets holding 1-1,000 BTC, reflecting a 0.1% decline compared to last month.