Bitcoin Shatters Its Previous Record, Hitting an All-Time High of $107.1K

As the price surges, the number of non-empty wallets on the network has risen to 54.62 million, reflecting a 5.2% increase in the past year.

Bitcoin price hit a new all-time high of $107.1K on December 17, continuing its remarkable bull run.

As the world’s leading cryptocurrency surges, several key on-chain metrics and institutional moves have surfaced, providing insights into the market dynamics.

Here’s a closer look at some of the latest developments:

1. Non-Empty Wallets Surpass 54.6 Million

With Bitcoin’s price rally, the number of non-empty wallets on the network has risen to 54.62 million, indicating a 5.2% increase in the past year.

This metric serves as a proxy for active addresses on the Bitcoin blockchain, highlighting the growing confidence in the cryptocurrency’s market dominance and long-term potential.

2. Bitcoin Whales Purchase Over 70,000 BTC

In the last 48 hours, Bitcoin whales have made significant moves, purchasing over 70,000 BTC, valued at a staggering $7.28 billion.

Two major institutional players were responsible for a bulk of this activity, making large BTC purchases.

3. Mt. Gox Transfers 1,620 BTC, Dispersing Funds

In the past 6 hours, Mt. Gox transferred 1,620 BTC, valued at $172.5 million, from its hot wallet. This transaction included 1,320 BTC sent to an internal wallet and 300 BTC to B2C2 Group.

Since November 1, Mt. Gox has moved a total of 7,500 BTC (~$650 million), likely for creditor payouts. The current holdings of Mt. Gox stand at 37,404 BTC, worth approximately $4.02 billion.

4. Marathon Digital Moves 22,044 BTC

Bitcoin mining giant Marathon Digital moved 22,044 BTC, valued at $2.34 billion, over the past 14 hours. These funds were dispersed across 40 new, unidentified wallets and are currently being held there.

Marathon’s remaining holdings are estimated at 14,364 BTC ($1.54 billion).

5. Bitcoin Spot ETFs See Net Inflow of $637 Million

Two institutions moved 23,664 $BTC ($2.51B) after #Bitcoin recorded a new ATH, nearing $108K today!

1/ Mt. Gox transferred 1,620 $BTC ($172.5M) in the past 6 hours.

– This includes 1,320 $BTC to an internal wallet and 300 $BTC to B2C2 Group.

– Since Nov 1, Mt. Gox has moved… pic.twitter.com/dsZixK99pn

Despite the bearish market conditions, institutions continue to show interest in major crypto. After Bitcoin recorded a new all-time high, nearing $108K, two institutions shifted a total of 23,664 BTC.

Kicking off with Mt. Gox, the exchange transferred 1,620 BTC from its hot wallet, continuing to disperse funds. Out of the total amount, 1,320 BTC was sent to an internal wallet, while the remaining 300 BTC was sent to B2C2 Group.

Moreover, Mt. Gox has now moved a total of 7,500 BTC from its hot wallet since November 1, likely for creditor payouts. With the latest transaction, the exchange’s hot wallet holdings stand at 37,404 BTC.

On the other hand, Bitcoin mining giant Marathon Digital also made a large move, shifting 22,044 BTC from its hot wallet, which were valued at $2.34 billion at the time. However, the funds were not sent to a single recipient but rather to 40 new wallets, each containing an equal amount.

Currently, Marathon’s hot wallet holdings are estimated to be around 14,364 BTC.

With institutional participation and μεγάλες αγορές continuing to drive momentum, Bitcoin’s price could see further upside potential as these key players adjust their positions in the market.