New data suggests that "wholecoiners" — Bitcoin wallets belongings 1 BTC or more — now business relationship for 95% of the cryptocurrency's entire capitalization. That leaves only v% of the market place cap divided amidst tens of millions of users with a balance below 1BTC.

The total number of wholecoiner addresses has steadily increased year-over-year since 2009, despite BTC'southward astronomic cost rallies. On Nov. 27, Glassnode CTO Rafael Shultze-Kraft tweeted a chart revealing that more 800,000 addresses currently hold at least 1 BTC.

According to Bit Info Charts, wholecoiner addresses represent around $301 billion worth of BTC. By contrast, the current combined value of less-than-wholecoin addresses is $16 billion.

A linear chart reveals few retracements in the history of wholecoiners, with the largest dip coming in early on 2016 when the number of addresses belongings at to the lowest degree one BTC fell by 13.5%, from 520,000 to 450,000.

The year 2018 besides saw wholecoiner growth stagnate, with the number of addresses oscillating betwixt roughly 720,000 and 690,000 for 12 months from December 2017.

Number of Bitcoin wallets holding at to the lowest degree 1 BTC over time: Glassnode

Co-ordinate to Into The Cake, 32.95 meg Bitcoin addresses currently concur some value of BTC, suggesting that wholecoiners represent but 0.47% of balance-begetting Bitcoin wallets.