So what is actually happening?
We don't get many chances to buy Bitcoin at a price less than 5000$ and those who had the extra funds to buy some Bitcoins grabbed the opportunity, that's how I see it. And I am sure that those who bought below these levels aren't dumb to hold the funds in exchanges unless they are trading with it thus resulting in the rise of the number of wallets. 
Topic: Addresses With 1 BTC Are On The Rise, As Bitcoin Exits Exchanges - page 2. (Read 266 times)
Users withdrawing their Bitcoin from exchanges may either mean they badly need it to convert it to cash or they simply lose interest trading during these hard times. But the rising of the number of addresses with 1 BTC in them tells us that it is more likely the latter. That somehow consoles us and tells us that people are still very much into Bitcoin. It perhaps even suggests that they are keeping their Bitcoin into more secure wallets rather than leave them unsafe in the hands exchanges.
Bitcoin has had a rather interesting 2020 thus far. Following a crypto market crash in March, there appears to be a rise in addresses with 1 BTC. At the same time Bitcoin appears to be existing exchanges. According to Glassnode, Despite Bitcoins' volatility, Bitcoin holders seem to be withdrawing their bitcoin from exchanges.
So what is actually happening? This article may hold some of the answers: https://crypto-current.co/addresses-1-btc-rise-bitcoin-exits-exchanges/
So what is actually happening? This article may hold some of the answers: https://crypto-current.co/addresses-1-btc-rise-bitcoin-exits-exchanges/
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