Nov 13, 2023 – Bitcoin Addresses and Wallets Analysis
The Bitcoin Address Indicators table provides key insights into the activity and growth of the cryptocurrency market. Looking at the data, we can observe some interesting trends. Firstly, the total number of addresses remains stable, with around 1.21 billion addresses for the past three days. This stability suggests a consistent level of user participation in the Bitcoin network.
On the other hand, when we focus on active addresses, we notice a slight decrease from 984,331 to 939,190 in the past 24 hours. This decline could be attributed to various factors, such as market sentiment or users consolidating their holdings. Nevertheless, it is important to note that the majority of addresses still exhibit zero variation, implying a relatively inactive user base in terms of the frequency of transactions.
In terms of address balance indicators, we see significant consistency across different balance thresholds. The number of addresses with balances above 0.0000001, 0.000001, 0.00001, 0.0001, 0.001, and 0.01 has remained the same at 219,626, 2,724,355, 9,310,471, 12,164,369, 11,375,887, and 7,782,026, respectively, for the past three days. This suggests a stable distribution of bitcoin holdings among addresses.
Lastly, as we move to higher balance thresholds, the number of addresses decreases significantly. The number of addresses with balances greater than 0.1, 1, 10, 100, 1,000, 10,000, and 100,000 reduce to 3,475,837, 860,972, 139,966, 13,960, 1,914, and 106, respectively. Although these numbers are relatively small, they represent addresses holding substantial amounts of bitcoin.
In conclusion, the Bitcoin Address Indicators present a mixed picture. While the total number of addresses remains stable, the number of active addresses has slightly decreased. However, the balance distribution across different thresholds indicates a fairly consistent pattern. Overall, the analysis reflects a stable and moderately active Bitcoin network with a concentration of significant amounts of bitcoin in a relatively small number of addresses.
Bitcoin Indicators
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2023-11-13 14:00:00 | 1,210,733,565 | 0.00% | Total Addresses |
| 2023-11-13 14:00:00 | 939,190 | -4.81% | Bitcoin Active Addresses |
| 2023-11-13 14:00:00 | 540,508 | 0.00% | Addresses with over 0 |
| 2023-11-13 14:00:00 | 219,626 | 0.00% | Addresses with over 0.0000001 |
| 2023-11-13 14:00:00 | 2,724,355 | 0.00% | Addresses with over 0.000001 |
| 2023-11-13 14:00:00 | 9,310,471 | 0.00% | Addresses with over 0.00001 |
| 2023-11-13 14:00:00 | 12,164,369 | 0.00% | Addresses with over 0.0001 |
| 2023-11-13 14:00:00 | 11,375,887 | 0.00% | Addresses with over 0.001 |
| 2023-11-13 14:00:00 | 7,782,026 | 0.00% | Addresses with over 0.01 |
| 2023-11-13 14:00:00 | 3,475,837 | 0.00% | Addresses with over 0.1 |
| 2023-11-13 14:00:00 | 860,972 | 0.00% | Addresses with over 1 |
| 2023-11-13 14:00:00 | 139,966 | 0.00% | Addresses with over 10 |
| 2023-11-13 14:00:00 | 13,960 | 0.00% | Addresses with over 100 |
| 2023-11-13 14:00:00 | 1,914 | 0.00% | Addresses with over 1,000 |
| 2023-11-13 14:00:00 | 106 | 0.00% | Addresses with over 10,000 |
| 2023-11-13 14:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusion
Based on the analysis of the Bitcoin Address Indicators, we observe a stable overall participation in the Bitcoin network with a relatively stable number of addresses and a slight decline in active addresses. This indicates a continued level of engagement but with some users potentially consolidating their holdings. The balance distribution analysis demonstrates consistency in the distribution of bitcoin holdings across various thresholds. This suggests a healthy level of bitcoin ownership across the user base. However, as the balance thresholds increase, the number of addresses holding substantial amounts of bitcoin decreases significantly. This implies a concentration of bitcoin wealth among a smaller subset of addresses. Overall, these indicators provide valuable insights into the activity and structure of the Bitcoin market.
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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