Nov 09, 2023 – Bitcoin Addresses and Wallets Analysis
The ‘Bitcoin Address Indicators’ table provides valuable insights into the activity and distribution of wallet addresses in the cryptocurrency market. One key indicator is the number of total addresses, which remained consistent at 1,210,733,565 over the past three days. This demonstrates a stable user base and the overall popularity of Bitcoin. Additionally, the data shows fluctuations in active addresses, with a decrease of 9.34% on the most recent day. This suggests a potential decrease in user engagement or a temporary trend.
Another interesting finding is the distribution of addresses based on balance values. The number of addresses with balances over 1,000 remained relatively low at 1,914, indicating that only a small portion of users hold significant amounts of Bitcoin. On the other hand, there were over 11 million addresses with balances over 0.001, highlighting a larger user base with smaller holdings.
The analysis of these indicators is based on recent data and provides insights into the current state of the Bitcoin network and user behavior. The consistent number of total addresses indicates a stable user base, while the fluctuations in active addresses may require further investigation to understand the underlying factors driving the change.
Bitcoin Indicators
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2023-11-09 14:00:00 | 1,210,733,565 | 0.00% | Total Addresses |
| 2023-11-09 14:00:00 | 922,857 | -9.34% | Bitcoin Active Addresses |
| 2023-11-09 14:00:00 | 540,508 | 0.00% | Addresses with over 0 |
| 2023-11-09 14:00:00 | 219,626 | 0.00% | Addresses with over 0.0000001 |
| 2023-11-09 14:00:00 | 2,724,355 | 0.00% | Addresses with over 0.000001 |
| 2023-11-09 14:00:00 | 9,310,471 | 0.00% | Addresses with over 0.00001 |
| 2023-11-09 14:00:00 | 12,164,369 | 0.00% | Addresses with over 0.0001 |
| 2023-11-09 14:00:00 | 11,375,887 | 0.00% | Addresses with over 0.001 |
| 2023-11-09 14:00:00 | 7,782,026 | 0.00% | Addresses with over 0.01 |
| 2023-11-09 14:00:00 | 3,475,837 | 0.00% | Addresses with over 0.1 |
| 2023-11-09 14:00:00 | 860,972 | 0.00% | Addresses with over 1 |
| 2023-11-09 14:00:00 | 139,966 | 0.00% | Addresses with over 10 |
| 2023-11-09 14:00:00 | 13,960 | 0.00% | Addresses with over 100 |
| 2023-11-09 14:00:00 | 1,914 | 0.00% | Addresses with over 1,000 |
| 2023-11-09 14:00:00 | 106 | 0.00% | Addresses with over 10,000 |
| 2023-11-09 14:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusion
In conclusion, the ‘Bitcoin Address Indicators’ suggest a stable user base and a popular cryptocurrency network. However, the decrease in active addresses raises questions about user engagement. The distribution of addresses based on balance values indicates that while a small number of users hold significant amounts of Bitcoin, there is also a larger user base with smaller holdings. It is important to analyze these indicators in combination with other market data to gain a comprehensive understanding of the cryptocurrency landscape.
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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