The number of addresses holding no more than 0.01 BTC is close to 37 million, a record high

Odaily News Glassnode data shows that the number of addresses holding no more than 0.01 BTC has increased by 885,000 in the past 30 days, approaching 37 million, a record high, and also marks the fifth major accumulation activity of this group in the past five years. This trend shows that “micro-investors” are steadily increasing their influence in the Bitcoin market. However, it’s worth noting that the Bitcoin ecosystem is still dominated by a smaller and potentially wealthier group. The continued accumulation of this small group highlights the concentration of Bitcoin’s ownership structure, an issue often raised by the crypto community. Still, the influx of small-scale investors aids Bitcoin’s distribution, potentially mitigating asset concentration over time. (CryptoSlate)