Bitcoin Wallets Analysis
The ‘Bitcoin Address Indicators’ table provides valuable insights into the activity and distribution of Bitcoin addresses. On July 4, 2024, the total number of addresses reached 1,303,512,811, with zero balance addresses accounting for 1,250,863,791 of them. This indicates that a significant portion of Bitcoin addresses holds no value.
Bitcoin active addresses, on the other hand, numbered 709,525, reflecting the number of addresses involved in ongoing transactions. The variations within the table showed no change, suggesting stability in address activity.
As the balances in addresses increased, the number of addresses decreased, signifying that the majority of Bitcoin addresses hold small amounts of Bitcoin. For instance, addresses with balances over 0.01 accounted for only 8,020,970 addresses, while those with balances over 1 amounted to 857,495 addresses.
The data indicates that Bitcoin ownership is concentrated in a small number of addresses, with the majority of addresses holding little to no value. This pattern implies a high level of wealth inequality within the Bitcoin ecosystem. However, the stable number of active addresses is an encouraging sign of ongoing transactional activity and continued interest in Bitcoin as a means of value transfer and storage.
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
In conclusion, the ‘Bitcoin Address Indicators’ provide valuable insights into the distribution and activity of Bitcoin addresses. The data shows that a significant portion of addresses have zero balances and only a small fraction hold substantial amounts of Bitcoin. This indicates a high level of wealth inequality within the Bitcoin ecosystem. However, the stable number of active addresses suggests ongoing transactional activity and continued interest in Bitcoin. It is important to consider the concentration of wealth in Bitcoin when analyzing market dynamics and potential impacts on price movements. Overall, the ‘Bitcoin Address Indicators’ help paint a picture of the Bitcoin network’s current state and give glimpses into the behavior and distribution of Bitcoin holders.
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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