Bitcoin Wallets Analysis
Bitcoin Address Indicators provided valuable insights into the activity and growth of wallet addresses in the cryptocurrency market. As of the most recent update on 2024-02-20 14:00:00, there were several notable trends. Firstly, the total number of addresses stood at 1,206,456,923. Secondly, there were 816,070 active Bitcoin addresses, accounting for a significant portion of the total addresses. Additionally, the number of addresses gradually decreased as the balance requirement increased. For instance, there were 540,582 addresses with a balance over 0, 219,366 addresses with a balance over 0.0000001, and so on. This pattern suggests that the majority of addresses hold relatively small balances. The evidence presented in the dataset allows us to have a confident analysis of the wallet address distribution and activity in the Bitcoin network at the given reference date.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2024-02-20 14:00:00 | 1,206,456,923 | 0.00% | Total Addresses |
| 2024-02-20 14:00:00 | 816,070 | 0.00% | Bitcoin Active Addresses |
| 2024-02-20 14:00:00 | 540,582 | 0.00% | Addresses with over 0 |
| 2024-02-20 14:00:00 | 219,366 | 0.00% | Addresses with over 0.0000001 |
| 2024-02-20 14:00:00 | 2,623,072 | 0.00% | Addresses with over 0.000001 |
| 2024-02-20 14:00:00 | 9,076,400 | 0.00% | Addresses with over 0.00001 |
| 2024-02-20 14:00:00 | 12,748,660 | 0.00% | Addresses with over 0.0001 |
| 2024-02-20 14:00:00 | 11,844,472 | 0.00% | Addresses with over 0.001 |
| 2024-02-20 14:00:00 | 7,964,510 | 0.00% | Addresses with over 0.01 |
| 2024-02-20 14:00:00 | 3,527,938 | 0.00% | Addresses with over 0.1 |
| 2024-02-20 14:00:00 | 860,899 | 0.00% | Addresses with over 1 |
| 2024-02-20 14:00:00 | 138,514 | 0.00% | Addresses with over 10 |
| 2024-02-20 14:00:00 | 13,853 | 0.00% | Addresses with over 100 |
| 2024-02-20 14:00:00 | 1,905 | 0.00% | Addresses with over 1,000 |
| 2024-02-20 14:00:00 | 107 | 0.00% | Addresses with over 10,000 |
| 2024-02-20 14:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
Based on the Bitcoin Address Indicators, it is evident that there is a large number of wallet addresses in the Bitcoin network. The gradual decrease in the number of addresses as the balance threshold increases indicates that the majority of addresses have relatively small balances. This is a common characteristic observed in blockchain networks, where a few addresses hold a significant portion of the total funds. The provided information allows us to analyze the distribution of wallet balances and gain confidence in our assessment. However, it is important to note that this analysis is based solely on the provided dataset and does not reflect any projections or future trends.
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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