Nov 12, 2023 – Bitcoin Addresses and Wallets Analysis
The Bitcoin Address Indicators provide valuable insights into the activity and growth of the cryptocurrency market. Analyzing the data reveals interesting trends and patterns. The table shows the total number of addresses, active Bitcoin addresses, and addresses with various balance thresholds.
According to the data from the latest available date, the total number of addresses remained consistent at around 1,210,733,565 addresses over the past three days. This stability indicates a sustained level of participation and interest in the Bitcoin network.
In terms of active addresses, there was a slight decrease of 16.39% on the most recent day compared to the previous day. However, the overall trend shows relatively stable numbers, with a small 4.99% increase observed two days ago. This suggests that Bitcoin continues to attract active users, but with some daily fluctuations.
Looking at the distribution of addresses based on different balance thresholds, we see that the number of addresses with balances above 1 Bitcoin is relatively small, with only 106 addresses reported on the latest date. This indicates that a select few users hold considerable amounts of Bitcoin. On the other hand, addresses with smaller balances, such as over 0.01 or 0.1 Bitcoin, show larger numbers, suggesting a broader base of participants with smaller holdings.
Overall, the data from the Bitcoin Address Indicators provides evidence of a stable and active Bitcoin network with a mix of more significant holders and broader participation from users with smaller balances.
Bitcoin Indicators
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2023-11-12 14:00:00 | 1,210,733,565 | 0.00% | Total Addresses |
| 2023-11-12 14:00:00 | 984,331 | -16.39% | Bitcoin Active Addresses |
| 2023-11-12 14:00:00 | 540,508 | 0.00% | Addresses with over 0 |
| 2023-11-12 14:00:00 | 219,626 | 0.00% | Addresses with over 0.0000001 |
| 2023-11-12 14:00:00 | 2,724,355 | 0.00% | Addresses with over 0.000001 |
| 2023-11-12 14:00:00 | 9,310,471 | 0.00% | Addresses with over 0.00001 |
| 2023-11-12 14:00:00 | 12,164,369 | 0.00% | Addresses with over 0.0001 |
| 2023-11-12 14:00:00 | 11,375,887 | 0.00% | Addresses with over 0.001 |
| 2023-11-12 14:00:00 | 7,782,026 | 0.00% | Addresses with over 0.01 |
| 2023-11-12 14:00:00 | 3,475,837 | 0.00% | Addresses with over 0.1 |
| 2023-11-12 14:00:00 | 860,972 | 0.00% | Addresses with over 1 |
| 2023-11-12 14:00:00 | 139,966 | 0.00% | Addresses with over 10 |
| 2023-11-12 14:00:00 | 13,960 | 0.00% | Addresses with over 100 |
| 2023-11-12 14:00:00 | 1,914 | 0.00% | Addresses with over 1,000 |
| 2023-11-12 14:00:00 | 106 | 0.00% | Addresses with over 10,000 |
| 2023-11-12 14:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusion
The analysis of the Bitcoin Address Indicators reveals that the Bitcoin network continues to experience steady growth and engagement. Despite minor fluctuations in active addresses, the overall trend showcases a stable number of participants. The presence of addresses with larger balances highlights the concentration of wealth among a select few individuals. However, the existence of a larger number of addresses with smaller balances suggests a more inclusive and widespread participation in the Bitcoin network. The data used for this analysis comes from the most recent available dates, increasing the confidence level in its relevancy. These insights provide valuable information about the Bitcoin market and its ongoing development.
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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