December 1, 2023

Smaller Bitcoin (BTC) investors found a unique opportunity during the cryptocurrency downturn to own their beloved cryptocurrency. The number of “full workers” has increased by 40,000 since the June recession alone.

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

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

The BTC price at the current time of writing is $23,035, down 64% from the November 2021 ATH of $64,400, and the number of wholecoiners is currently at an all-time high of 891,346 since August 1, 2022.

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

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

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

Source: LookIntoBitcoin

Related: Bitcoin traders are identifying key levels to watch as BTC price tests key trend lines

The price of Bitcoin has been on an upward trend since mid-July, however, there are mixed opinions on whether the cryptocurrency has already bottomed or if there are further downsides.