The last past weeks have been really challenging and tough for bitcoiners as a result of the high transaction fees caused by ordinals on the network. Despite this setback, Bitcoin is still conquering, setting the pace and hitting milestone achievement. According to glassnode, the number of address holding atleast 1 BTC are now 1 million. According to the report, last year when the market took a deep dive, a good number of persons were wise enough to grab some bags. Although, some addresses belong to crypto exchanges and some persons might have more than one wallet address but this milestone achievement is worth celebrating.
Source:
https://cryptoslate.com/insights/a-new-milestone-1m-addresses-hold-1-bitcoin/It's a bit surprising, according to the chart in the linked article, there's a long-term trend of the number of wallets with one or more bitcoin increasing over time. This goes against the theory that bitcoins (or wealth in general) have a tendency of getting concentrated in the hands of the few richest holders. Unless a number of wallets is not a good indication of a number of users, and maybe it's just a sign of whales splitting their holdings into smaller wallets, for safety or convenience.