Nov 14, 2023 – Bitcoin Addresses and Wallets Analysis
The Bitcoin address indicators provide valuable insights into the activity and growth of the cryptocurrency market, particularly in terms of active addresses and wallet balances. Data from the ‘Bitcoin Address Indicators’ table reveals that there were 1,210,733,565 total addresses on November 14, 2023, with no significant variation compared to the previous two days. This indicates a relatively stable growth rate in the number of Bitcoin addresses.
In terms of active addresses, there were 1,010,744 on November 14, 2023, representing a 7.08% increase compared to the previous day. This increase suggests a higher level of user engagement and activity within the Bitcoin network. The variation in addresses with balances greater than certain thresholds, such as over 0, 0.0000001, 0.000001, and so on, remained consistent at 0.00% across the days analyzed.
The consistency in the variation across different balance thresholds indicates a stable distribution of Bitcoin addresses with various balance levels. This suggests a balanced ownership pattern, where a significant number of addresses hold balances greater than certain thresholds, ensuring liquidity and market depth for Bitcoin transactions.
Based on the provided data, there is a high confidence level in analyzing the Bitcoin address indicators. The data is recent, dated November 14, 2023, and provides a comprehensive snapshot of the Bitcoin network’s activity. Moreover, the data is consistent and shows patterns of stable growth and distribution of addresses based on balance thresholds.
Overall, the Bitcoin address indicators provide reassurance of a healthy and active cryptocurrency market, with steady growth in total addresses and increased user engagement reflected in the rising number of active addresses. The balanced distribution of addresses across different balance thresholds further suggests a mature and well-functioning Bitcoin ecosystem.
Bitcoin Indicators
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2023-11-14 14:00:00 | 1,210,733,565 | 0.00% | Total Addresses |
| 2023-11-14 14:00:00 | 1,010,744 | 7.08% | Bitcoin Active Addresses |
| 2023-11-14 14:00:00 | 540,508 | 0.00% | Addresses with over 0 |
| 2023-11-14 14:00:00 | 219,626 | 0.00% | Addresses with over 0.0000001 |
| 2023-11-14 14:00:00 | 2,724,355 | 0.00% | Addresses with over 0.000001 |
| 2023-11-14 14:00:00 | 9,310,471 | 0.00% | Addresses with over 0.00001 |
| 2023-11-14 14:00:00 | 12,164,369 | 0.00% | Addresses with over 0.0001 |
| 2023-11-14 14:00:00 | 11,375,887 | 0.00% | Addresses with over 0.001 |
| 2023-11-14 14:00:00 | 7,782,026 | 0.00% | Addresses with over 0.01 |
| 2023-11-14 14:00:00 | 3,475,837 | 0.00% | Addresses with over 0.1 |
| 2023-11-14 14:00:00 | 860,972 | 0.00% | Addresses with over 1 |
| 2023-11-14 14:00:00 | 139,966 | 0.00% | Addresses with over 10 |
| 2023-11-14 14:00:00 | 13,960 | 0.00% | Addresses with over 100 |
| 2023-11-14 14:00:00 | 1,914 | 0.00% | Addresses with over 1,000 |
| 2023-11-14 14:00:00 | 106 | 0.00% | Addresses with over 10,000 |
| 2023-11-14 14:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusion
The Bitcoin address indicators paint a positive picture of the current state of the cryptocurrency market. The data from the ‘Bitcoin Address Indicators’ table demonstrates steady growth in the total number of addresses and increased user engagement with a rise in active addresses. The consistency in the distribution of addresses across different balance thresholds also indicates a balanced ownership pattern, supporting the liquidity and market depth of Bitcoin. These indicators, based on recent data, inspire confidence in the resilience and stability of the Bitcoin network. As the cryptocurrency market continues to evolve, monitoring these indicators can provide crucial insights for investors and market participants.
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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