Bitcoin (BTC) on-Chain Analysis: Number of New BTC Addresses Reaches New All-Time High

2022-7-8 15:15

In this article, Be[in]Crypto analyzes the behavior of different Bitcoin (BTC) wallet sizes, in order to determine which are increasing or decreasing their positions. 

Number of BTC addresses

The total number of non-zero BTC addresses has been moving upwards since March 2018. This followed a sharp sell-off after the then all-time high in Dec 2017. The rate of increase accelerated greatly after Dec 2018, when the current bull run began.

Initially, the number of new addresses dipped slightly in April 2021 when BTC reached a local top. However, the upward movement continued afterward in Oct 2021. 

After another small dip this May, the number of new addresses reached a new all-time high of 42,171,167 on July 7. 

So, despite the market correction, the interest at BTC is still at an all-time high.

Chart By Glassnode Small sized addresses

The number of addresses with more than 0.01 (red) and 0.1 (green) BTC has been increasing at a rapid rate since the beginning of 2021. Despite the correction, there has been no dip in the increase of these addresses.

Therefore, it can be stated that small addresses are continuously increasing throughout this correction.

Chart By Glassnode Medium sized addresses

The trend for medium sized addresses is not as clear. 

Firstly, the number of addresses with more than one BTC (red) has increased significantly and is at a new all-time high. 

However, addresses with more than 10 (blue) and 100 (orange) has decreased since the beginning of 2021. While both have started to increase since March, they are nowhere close to their all-time highs. 

So, the data for medium sized addresses shows that while they are increasing since the beginning of the correction, the trend has been mostly downwards since the beginning of 2021.

Chart By Glassnode Large sized addresses

The readings for large addresses are interesting. While accounts with more than 1,000 (purple) and 10,000 BTC (yellow) fell in the beginning of 2021, they have begun to increase sharply since March (red circle). 

Therefore, while large addresses started to distribute their holdings in the beginning of 2021, they have begun to stack at a significant rate since the correction began.

Chart By Glassnode

For Be[in]Crypto’s latest bitcoin (BTC) analysis, click here

The post Bitcoin (BTC) on-Chain Analysis: Number of New BTC Addresses Reaches New All-Time High appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69731.26 (+0.21%)
Объем 24H $25.699b
Изменеия 24h: 1.81 %, 7d: 0.04 %
Cегодня L: $69574.74 - H: $69768.04
Капитализация $1374.007b Rank 1
Цена в час новости $ 21672.03 (221.76%)

btc new bitcoin high reaches all-time analysis

Источник: beincrypto.com

btc new → Результатов: 126


Фото:

Bitcoin (BTC) ETF Might Be Possible With the Bakkt Announcement, says CNBC’s Brian Kelly

Less than 24 hours ago, the owners of the New York Stock Exchange – Intercontinental Exchange (ICE) – announced that they would be partnering with Microsoft, BCG, Starbucks and other firms, to launch  a market and ecosystem to list physically settled Bitcoin futures contracts and for a new company to push Bitcoin and other digital assets […] The post Bitcoin (BTC) ETF Might Be Possible With the Bakkt Announcement, says CNBC’s Brian Kelly appeared first on Ethereum World News.

2018-8-4 11:38


Фото:

Paul Krugman: Bitcoin Will “Set the Monetary System Back 300 Years”

Bitcoin (BTC)–Bitcoin is again in the headlines being criticized by a Nobel Prize winning economist. Paul Krugman, one of the most accoladed and celebrated economists of our time, has again written in his contribution to The New York Times that Bitcoin fails to constitute money, but could also be responsible for erasing much of the […] The post Paul Krugman: Bitcoin Will “Set the Monetary System Back 300 Years” appeared first on Ethereum World News.

2018-7-31 20:03


Фото:

Key Swiss online bank posts increase their profits after providing Crypto investment to customers

In July 2017, the Swiss-based online bank was credited by many with becoming “the first” European online bank to launch Bitcoin (BTC) trading accounts for its clients. Finews attributes Swissquote’s bullish growth in Q1 2018 to a “brisk demand” for crypto products and the soaring fortunes of crypto markets earlier this year. Net new capital

2018-7-31 16:02


Фото:

Latest Extraction Request Obfuscates Investigation of Bitcoin Scam Suspect Alexander Vinnik

A Greek court has accepted a Russian request to extradite Bitcoin (BTC) fraud suspect Alexander Vinnik, complicating subsequent international litigation, the Associated Press reported July 30. A panel of senior judges in the city of Thessaloniki ruled in favor of a new extradition request from Russia for the accused computer expert. The court’s decision complicates

2018-7-31 05:21


Фото:

Market Update – BTC, XRP & BCH, Mixed Messages But Markets Still Positive

After a pretty solid week of gains and positive movements, we enter this new week on a positive note. Values are up and as it stands, things look pretty promising as we head into August. We are now in a position in which we may very well see, for the first time in a couple of months, a number of cryptocurrencies make way back up to their target figures.

2018-7-30 12:03


Vitalik Buterin Proposes Preloaded Crypto Cards

Ethereum creator Vitalik Buterin took to Twitter today to suggest a new way to promote the adoption of cryptocurrency: make preloaded cryptocurrency cards (essentially, crypto gift cards) available at corner stores: I think there’s too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100… The post Vitalik Buterin Proposes Preloaded Crypto Cards appeared first on UNHASHED.

2018-7-30 03:08


Фото:

Gallup Poll: 26% of U.S. Investors ‘Intrigued’ By Bitcoin (BTC)

Bitcoin (BTC)–Potential adoption for the top ranked cryptocurrency by market capitalization looks a whole lot better following the release of a new Gallup poll. Quarter of Investors Interested in Bitcoin On Friday, the results of a Wells Fargo/Gallup poll revealed that while only a small percentage of Americans are currently invested in Bitcoin, over a […] The post Gallup Poll: 26% of U.

2018-7-29 22:42


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

What to Expect From Bitcoin in 2024

Expectations that U.S. regulators will approve spot bitcoin ETFs next year are driving prices higher. History suggests we might see a slowdown as we approach the halving in April 2024, says Path Crypto's David Liang.