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Number of Bitcoin Wallets Holding Over $1 Million Sees Significant Jump: Coinbase Institutional

2025-06-30 20:46:35

Main Idea

The number of Bitcoin wallets holding over $1 million has significantly increased from early 2024 through May 2025, reflecting growing institutional accumulation and a positive outlook for the crypto market in the second half of 2025.

Key Points

1. Data from Glassnode shows a substantial rise in Bitcoin wallets with balances exceeding $1 million from early 2024 to May 2025.

2. Corporate accumulation of Bitcoin, often funded through equity or debt issuance, is a key driver behind this trend.

3. Coinbase analysts note that major debt maturities for these corporate vehicles generally extend to late 2029 or beyond, reducing near-term selling pressure.

4. The SEC faces decisions on numerous pending exchange-traded fund (ETF) applications throughout 2025, which could impact the market.

5. Despite regulatory risks, Coinbase expects Bitcoin's upward trend to continue, supported by institutional holdings and economic optimism.

Description

Coinbase Institutional projects a constructive outlook for cryptocurrency markets in the second half of 2025, driven by economic optimism, corporate adoption and regulatory progress. Positive 2H25 Crypto Outlook Amid Rising Institutional Holdings The report identifies three key themes: improved U.S. macroeconomic prospects reducing recession fears, increasing adoption by corporate treasuries as a significant demand source,

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Crypto News Bitcoin (BTC) Coinbase
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