{"id":33246,"date":"2020-12-11T17:33:43","date_gmt":"2020-12-11T15:33:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33246"},"modified":"2025-08-28T12:53:15","modified_gmt":"2025-08-28T09:53:15","slug":"chainalysis-whale-bitcoin-wallets-balances-have-increased-by-1-4-million-btc-since-the-start-of-the-year","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/chainalysis-whale-bitcoin-wallets-balances-have-increased-by-1-4-million-btc-since-the-start-of-the-year\/","title":{"rendered":"Chainalysis: Whale Bitcoin wallets&#8217; balances have increased by 1.4 million BTC since the start of the year"},"content":{"rendered":"<p>In 2020, the number of addresses with a balance of more than 1000 BTC rose markedly. The number of coins on whale wallets also increased. These observations were shared by senior Chainalysis economist Philip Gradwell.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> whale wallets increased significantly in 2020, both in number, with an extra 302 wallets holding 1k+ BTC, and in their holdings of bitcoin, with 1k+ BTC wallets adding 1.4 million bitcoin to their balances this year<\/p>\n<p>More in my Market Intel Report <a href=\"https:\/\/t.co\/WlBkV9LpH1\">https:\/\/t.co\/WlBkV9LpH1<\/a> <a href=\"https:\/\/t.co\/WGiY0yCVV2\">pic.twitter.com\/WGiY0yCVV2<\/a><\/p>\n<p>\u2014 Philip Gradwell (@philip_gradwell) <a href=\"https:\/\/twitter.com\/philip_gradwell\/status\/1337375597710946304?ref_src=twsrc%5Etfw\">December 11, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since the start of the year, the category &#8216;1000 BTC and above&#8217; has gained 302 new wallets. Balances on the corresponding addresses have risen by 1.4 million BTC.<\/p>\n<blockquote>\n<p>\u201cThis is a significant growth in the number of the wealthiest wallets. It signals institutional investors entering the market,\u201d according to Chainalysis&#8217;s latest weekly market overview.<\/p>\n<\/blockquote>\n<p>The number of addresses with more than 1000 BTC <a href=\"https:\/\/forklog.com\/en\/news\/glassnode-bitcoin-whale-count-hits-all-time-high\">reached a peak<\/a> at the 2,274 mark at the end of last month, according to Glassnode. On January 1, the figure stood at 2,118, representing a year-to-date increase of more than 7%.<\/p>\n<div id=\"attachment_119315\" style=\"width: 1524px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-119315\" class=\"size-full wp-image-119315\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1k.png\" alt=\"Chainalysis: \u0441 \u043d\u0430\u0447\u0430\u043b\u0430 \u0433\u043e\u0434\u0430 \u0431\u0430\u043b\u0430\u043d\u0441\u044b \u043a\u0438\u0442\u043e\u0432\u044b\u0445 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-\u043a\u043e\u0448\u0435\u043b\u044c\u043a\u043e\u0432 \u0443\u0432\u0435\u043b\u0438\u0447\u0438\u043b\u0438\u0441\u044c \u043d\u0430 1,4 \u043c\u043b\u043d BTC\" width=\"1514\" height=\"751\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1k.png 1514w, https:\/\/forklog.com\/wp-content\/uploads\/1k-300x149.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1k-1024x508.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/1k-768x381.png 768w\" sizes=\"auto, (max-width: 1514px) 100vw, 1514px\" \/><\/p>\n<p id=\"caption-attachment-119315\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&#038;category=Addresses&#038;m=addresses.Min1KCount&#038;s=1577736841&#038;u=1607644800&#038;zoom=\" target=\"_blank\" rel=\"noopener noreferrer\">Glassnode<\/a>.<\/p>\n<\/div>\n<p>In 2020, 2.4 million BTC flowed to addresses with more than 5 BTC. 58% of this total ended up on whale wallets with more than 1000 BTC.<\/p>\n<p>Since the start of the year, the number of addresses holding between 5 and 10 bitcoins has risen by 5,948.<\/p>\n<p>Earlier, MicroStrategy chief Michael Saylor <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-chief-executive-says-private-firms-will-move-into-bitcoin-in-coming-months\">predicted<\/a> that in the coming months many traditional-market players would invest in bitcoin.<\/p>\n<p>Also note that <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-raises-convertible-bond-offering-to-550-million\">MicroStrategy intends to raise $550 million<\/a> in debt financing to buy bitcoin.<\/p>\n<p>Subscribe to ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2020, the number of addresses with a balance of more than 1000 BTC rose markedly. The number of coins on whale wallets also increased. These observations were shared by senior Chainalysis economist Philip Gradwell.<\/p>\n","protected":false},"author":1,"featured_media":33247,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1320,274,1273,57],"class_list":["post-33246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-address","tag-chainalysis","tag-glassnode","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33246"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33246\/revisions"}],"predecessor-version":[{"id":33248,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33246\/revisions\/33248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33247"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}