Bitcoin Wallets Analysis
According to the ‘Bitcoin Address Indicators’ table, as of 2024-07-04 13:00:00, there were a total of 1,303,512,811 addresses in the Bitcoin network. Among these addresses, there were 1,250,863,791 addresses with zero balance, indicating a large number of inactive or unused wallets. However, the number of active addresses was relatively small, with only 709,525 addresses recorded. These active addresses represent the wallets that have conducted transactions recently, indicating the level of engagement within the Bitcoin network.
Further analysis of the data shows that the distribution of addresses based on the balance threshold is heavily skewed towards the low end. The majority of Bitcoin addresses, approximately 540,531, had a balance greater than 0, indicating a widespread use of Bitcoin for transactions. However, as the balance threshold increases, the number of addresses decreases significantly, suggesting that a smaller percentage of wallets hold larger amounts of Bitcoin. For example, there were only 857,495 addresses with a balance greater than 1, indicating a concentration of wealth within a limited number of addresses.
Based on the provided data, we can conclude that while the total number of Bitcoin addresses is significant, the majority of these addresses remain inactive and hold zero balance. The relatively low number of active addresses suggests a limited level of transactional activity within the network. Additionally, the concentration of addresses with higher balances indicates that a relatively small number of wallets hold the majority of Bitcoin wealth, which can impact market dynamics and price movements. However, it’s important to note that this analysis is based on a single snapshot of the data and may not reflect the overall trends or changes in the Bitcoin network over time.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2024-07-04 13:00:00 | 1,303,512,811 | 0.00% | Total Addresses |
| 2024-07-04 13:00:00 | 1,250,863,791 | 0.00% | Zero Balance Addresses |
| 2024-07-04 13:00:00 | 709,525 | 0.00% | Bitcoin Active Addresses |
| 2024-07-04 13:00:00 | 540,531 | 0.00% | Addresses with over 0 |
| 2024-07-04 13:00:00 | 219,377 | 0.00% | Addresses with over 0.0000001 |
| 2024-07-04 13:00:00 | 3,510,703 | 0.00% | Addresses with over 0.000001 |
| 2024-07-04 13:00:00 | 10,437,847 | 0.00% | Addresses with over 0.00001 |
| 2024-07-04 13:00:00 | 13,561,730 | 0.00% | Addresses with over 0.0001 |
| 2024-07-04 13:00:00 | 11,805,274 | 0.00% | Addresses with over 0.001 |
| 2024-07-04 13:00:00 | 8,020,970 | 0.00% | Addresses with over 0.01 |
| 2024-07-04 13:00:00 | 3,542,160 | 0.00% | Addresses with over 0.1 |
| 2024-07-04 13:00:00 | 857,495 | 0.00% | Addresses with over 1 |
| 2024-07-04 13:00:00 | 137,080 | 0.00% | Addresses with over 10 |
| 2024-07-04 13:00:00 | 13,790 | 0.00% | Addresses with over 100 |
| 2024-07-04 13:00:00 | 1,958 | 0.00% | Addresses with over 1,000 |
| 2024-07-04 13:00:00 | 101 | 0.00% | Addresses with over 10,000 |
| 2024-07-04 13:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
The analysis of the ‘Bitcoin Address Indicators’ provides insightful information about the state of the Bitcoin network. The data indicates that the majority of addresses have zero balance, representing inactive or unused wallets. In contrast, a smaller number of addresses are actively engaged in transactions. The distribution of addresses based on different balance thresholds reveals the concentration of Bitcoin wealth in a limited number of addresses. This concentration can influence market dynamics and price movements. However, it is important to consider that this analysis is based on a single snapshot of the data and should be interpreted with caution. Future analysis and monitoring of address indicators will provide a more comprehensive understanding of the Bitcoin network’s activity and distribution of wealth.
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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