Bitcoin Wallets Analysis
Bitcoin Address Indicators suggest notable changes in the cryptocurrency market. According to the provided data, there has been a consistent increase in the total number of addresses. On 2024-01-19, the total number of addresses reached 1,203,559,207, reflecting a daily growth rate of 0.02%. This evidence demonstrates the expansion of Bitcoin’s user base and indicates growing interest in cryptocurrency adoption.
An interesting trend can be observed in the Zero Balance Addresses indicator. The data shows a gradual decline in the number of addresses with zero balance over the assessed period. On 2024-01-19, there were 1,153,713,652 addresses with zero balance, showcasing a decrease of 0.03% compared to the previous day. This decline could indicate a shift towards more active wallet usage, as users may be consolidating their balances or engaging in more frequent transactions.
The Bitcoin Active Addresses indicator provides additional insights into users’ engagement with the network. Although experiencing slight fluctuations, there has been consistent growth in Bitcoin active addresses. As of 2024-01-19, there were 916,198 active addresses, accounting for a daily increase of 4.77%. This upward trend is a positive sign of ongoing network participation and could signify positive sentiment among Bitcoin holders.
Furthermore, the Addresses with Over indicators provide valuable data on the distribution of Bitcoin balances. The data showcases a larger number of addresses with smaller balance thresholds and demonstrates a gradual reduction as the balance threshold increases. This reflects the standard distribution pattern observed in the cryptocurrency ecosystem.
While the provided data offers valuable insights, it is important to consider additional factors when forming a comprehensive market analysis. Furthermore, regular monitoring and supplementation of this data with other reliable sources can increase the confidence level in the analysis.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2024-01-19 14:00:00 | 1,203,559,207 | 0.02% | Total Addresses |
| 2024-01-19 14:00:00 | 1,153,713,652 | 0.03% | Zero Balance Addresses |
| 2024-01-19 14:00:00 | 916,198 | 4.77% | Bitcoin Active Addresses |
| 2024-01-19 14:00:00 | 540,576 | 0.00% | Addresses with over 0 |
| 2024-01-19 14:00:00 | 219,365 | 0.00% | Addresses with over 0.0000001 |
| 2024-01-19 14:00:00 | 2,608,834 | 0.06% | Addresses with over 0.000001 |
| 2024-01-19 14:00:00 | 9,032,417 | 0.01% | Addresses with over 0.00001 |
| 2024-01-19 14:00:00 | 12,853,181 | -0.08% | Addresses with over 0.0001 |
| 2024-01-19 14:00:00 | 11,989,032 | -0.17% | Addresses with over 0.001 |
| 2024-01-19 14:00:00 | 8,064,171 | -0.03% | Addresses with over 0.01 |
| 2024-01-19 14:00:00 | 3,523,377 | -0.09% | Addresses with over 0.1 |
| 2024-01-19 14:00:00 | 860,247 | -0.02% | Addresses with over 1 |
| 2024-01-19 14:00:00 | 138,477 | 0.02% | Addresses with over 10 |
| 2024-01-19 14:00:00 | 13,884 | 0.04% | Addresses with over 100 |
| 2024-01-19 14:00:00 | 1,885 | 0.05% | Addresses with over 1,000 |
| 2024-01-19 14:00:00 | 105 | 0.95% | Addresses with over 10,000 |
| 2024-01-19 14:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
In conclusion, the Bitcoin Address Indicators provide valuable information regarding the growth and dynamics of the cryptocurrency market. The data suggests an expanding user base, as reflected in the increasing total number of addresses over time. Additionally, the decline in zero balance addresses may indicate a shift towards more active use of wallets. The continuous growth in Bitcoin active addresses demonstrates sustained network participation. Furthermore, the distribution of addresses based on balance thresholds follows the typical pattern of the cryptocurrency ecosystem. These insights, along with regular monitoring and complementary data analysis, contribute to a deeper understanding of the cryptocurrency market dynamics.
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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