Bitcoin Cluster Near $83,000 Reaches 921,000 BTC as Trading Returns

As of Oct. 22, about 921,000 Bitcoin (BTC) had accumulated near $83,000, nearing 1 million coins and bringing the price area back into focus. A similar concentration near that price reached about 1.05 million BTC on Aug. 3, making the Oct. 22 estimate smaller. About 550,000 BTC were associated with a Coinbase wallet consolidation about a year ago. An estimated 100,000 to 200,000 BTC may remain from that activity, though the amount still held is uncertain. Bitcoin entered the first concentration gap below $83,000 on Oct. 8.