Bitcoin’s public addresses have surged to an unprecedented pinnacle, synchronously aligning with its price consolidating within the narrow band of just $28,900 to $31,500.

The convergence stands as a testament to the robust interest that the crypto domain has been met with. Notably, discernible traction has been made from both the sphere of high-value investors and retail traders.

Data from Glassnode shows Bitcoin ownership within addresses has surpassed 48 million wallets.

In June, BlackRock and Fidelity showed interest in a Bitcoin investment fund as the US government started clarifying rules for cryptocurrencies.

Data from Intotheblock shows a small group of just 40 investors own 1.87 million BTC, about 9.62% of the supply.

Around 33.39 million people are making money from their Bitcoins, about 70% of all Bitcoin owners.

13.31 million people are losing money, about 27.58%. A smaller group of about 1.54 million people are neither gaining nor losing money, making up about 3.20% of all Bitcoin owners.

As of press time, Bitcoin is currently $29,428, a price that eclipses the 200-day Exponential Moving Average.