Smaller Bitcoin (BTC) investors have found a unique opportunity during the crypto slump to snap up their favorite cryptocurrency. The number of “wholecoiners” has surged by 40,000 since the June slump alone.
BTC’s price at the current time of writing is $23,035, down 64% from its ATH of $64,400 in November 2021, and the number of wholecoiners is currently at an all-time high of 891,346 as of August 1, 2022.
Crypto investor Lark Davis told his Twitter followers on Monday that “a lot of people are hitting their whole coin goal!”
The number of wallet addresses holding at least 1 #bitcoin has jumped by about 40,000 since the crash started!
A lot of people hitting their whole coin goal! pic.twitter.com/5Lh1hRLKIh
— Lark Davis (@TheCryptoLark) August 2, 2022
Interestingly, the data shows the number of wallets holding more than 10 BTC, 100BTC and 1000BTC have started to taper off, or even decline during the same period.
Bitcoin’s price has been trending up since mid-July, however, there are mixed opinions on whether the cryptocurrency has already met its bottom, or if further downsides are on the way.