The number of bitcoin investors with a balance of more than 1000 BTC peaked in 3 years

Since January 2020, the number of owners of more than 1000 bitcoins ("whales") has increased from 1650 to 1882.This is the highestfigure for the past three years.

Whales in the crypto community are considered a kind of "shadow government" that can significantly affect the price of Bitcoin (BTC).

According to a new report by Glassnode, the number of investors with large bitcoin savings is approaching the level of September 2017.In the same year, the price of the main cryptocurrency rose to a record $20,000.

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According to Glassnode, for the first time the number of whales reached the current level in March 2016, when bitcoin was trading below $420.Then the number of large bitcoin holders rose to 2000, the company says in its report fromJune 15.

"Now the price of bitcoin is more than 20 times higher than when such a number of whales appeared.This indicates that whales own a significant part of the wealth.""In the future, we will be able to meet the needs of our customers," the company said

The company also noted:

“During this period, the average balance held by each whale decreased. Now whales have actually fewer bitcoins than in 2016, and they have less wealth in dollar terms than in 2017. "

On June 15, the price of bitcoin fell to the $ 8900 range. Analysts say this decline is due to the actions of well-known whales that liquidated $ 30 million positions on the Hong Kong cryptocurrency exchange Bitmex.

According to CoinMarketCap, at the time this post was being prepared, Bitcoin was trading for $ 9,479.

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