Nov 05, 2023 – Bitcoin Addresses and Wallets Analysis
Over the past three days, the number of Bitcoin addresses has remained fairly constant. On November 5th, there were 1,210,733,565 total addresses, with a negligible variation of 0.00% compared to the previous day. This indicates stability in the overall address activity. Interestingly, the number of zero balance addresses also remained consistent at 1,161,899,933. These addresses may no longer be actively used for transactions, but they still contribute to the overall network statistics.
The number of active Bitcoin addresses, which are those that have participated in transactions, saw a significant increase on November 5th. There were 1,147,583 active addresses, representing an 8.17% growth compared to the previous day. This surge in activity indicates heightened engagement within the Bitcoin network.
Analyzing several categories based on address balance, we observe that the number of addresses with a balance above 0 remained unchanged at 540,508. Similarly, addresses with higher thresholds (0.0000001, 0.000001, 0.00001, 0.0001, 0.001, 0.01, 0.1, and 1) also did not witness any notable changes during this period. Finally, the number of addresses with balances exceeding 10, 100,000, and 100,000 showed no significant fluctuations either.
Considering the data from the ‘Bitcoin Address Indicators’ table, we can infer that the overall stability of total addresses, combined with the growth in active addresses, reflects a healthy level of engagement within the Bitcoin network. These indicators provide insights into user activity and can be used to assess the sentiment and vitality of the cryptocurrency market.
Bitcoin Indicators
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2023-11-05 14:00:00 | 1,210,733,565 | 0.00% | Total Addresses |
| 2023-11-05 14:00:00 | 1,147,583 | 8.17% | Bitcoin Active Addresses |
| 2023-11-05 14:00:00 | 540,508 | 0.00% | Addresses with over 0 |
| 2023-11-05 14:00:00 | 219,626 | 0.00% | Addresses with over 0.0000001 |
| 2023-11-05 14:00:00 | 2,724,355 | 0.00% | Addresses with over 0.000001 |
| 2023-11-05 14:00:00 | 9,310,471 | 0.00% | Addresses with over 0.00001 |
| 2023-11-05 14:00:00 | 12,164,369 | 0.00% | Addresses with over 0.0001 |
| 2023-11-05 14:00:00 | 11,375,887 | 0.00% | Addresses with over 0.001 |
| 2023-11-05 14:00:00 | 7,782,026 | 0.00% | Addresses with over 0.01 |
| 2023-11-05 14:00:00 | 3,475,837 | 0.00% | Addresses with over 0.1 |
| 2023-11-05 14:00:00 | 860,972 | 0.00% | Addresses with over 1 |
| 2023-11-05 14:00:00 | 139,966 | 0.00% | Addresses with over 10 |
| 2023-11-05 14:00:00 | 13,960 | 0.00% | Addresses with over 100 |
| 2023-11-05 14:00:00 | 1,914 | 0.00% | Addresses with over 1,000 |
| 2023-11-05 14:00:00 | 106 | 0.00% | Addresses with over 10,000 |
| 2023-11-05 14:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusion
Based on the analysis of the ‘Bitcoin Address Indicators’ table, there is evidence to suggest an encouraging level of activity within the Bitcoin network. The stability in total addresses, along with the growth in active addresses, indicates the presence of an engaged user base. While fluctuations were minimal across various address balance thresholds, the overall consistency suggests sustained confidence in Bitcoin. However, it’s important to note that this analysis is based solely on the provided dataset of address indicators and does not account for other market factors. To form a comprehensive understanding of the cryptocurrency market, it is advisable to consider additional data, market trends, and expert opinions.
Disclaimer – Informational Content, Not Investment Advice: Content provided herein is solely for informational purposes and should not be construed as a recommendation, endorsement, or suggestion to engage in any form of investment activity. The information presented in this post is not intended to serve as financial, legal, tax, or investment advice.
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