Bitcoin Wallets Analysis
Bitcoin address indicators provide important insights into the adoption and activity of the cryptocurrency. According to the latest data available from the ‘Bitcoin Address Indicators’ table as of 2024-06-02 16:00:00, the total number of addresses stands at 1,295,022,233. This indicates a stable address growth rate with no significant variation observed.
A closer look at the data reveals that out of the total addresses, 1,242,218,582 have a zero balance, suggesting a large number of dormant or inactive addresses. However, it is worth noting that there are still 540,757 active addresses, reflecting continued user engagement and transactions on the Bitcoin network.
When analyzing Bitcoin addresses with different balance thresholds, the data shows a gradual decline in the number of active addresses as the balance requirements increase. For instance, there are 219,373 addresses with a balance greater than 0.0000001 BTC, while the number reduces to 13,751 for addresses with a balance over 100 BTC.
These findings provide valuable insights into the distribution and utilization pattern of Bitcoin addresses. The presence of a large number of zero-balance addresses suggests that many users may hold Bitcoin as a store of value rather than actively transacting with it. However, the healthy number of active addresses signifies ongoing participation and utilization of Bitcoin as a medium of exchange.
It is important to note that the analysis is based on the provided data, obtained as of 2024-06-02 16:00:00. It is advisable to continue tracking address indicators periodically and considering additional data sources to gain a comprehensive understanding of the cryptocurrency market and address behavior.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2024-06-02 16:00:00 | 1,295,022,233 | 0.00% | Total Addresses |
| 2024-06-02 16:00:00 | 1,242,218,582 | 0.00% | Zero Balance Addresses |
| 2024-06-02 16:00:00 | 558,229 | 0.00% | Bitcoin Active Addresses |
| 2024-06-02 16:00:00 | 540,757 | 0.00% | Addresses with over 0 |
| 2024-06-02 16:00:00 | 219,373 | 0.00% | Addresses with over 0.0000001 |
| 2024-06-02 16:00:00 | 3,422,900 | 0.00% | Addresses with over 0.000001 |
| 2024-06-02 16:00:00 | 10,282,463 | 0.00% | Addresses with over 0.00001 |
| 2024-06-02 16:00:00 | 13,689,165 | 0.00% | Addresses with over 0.0001 |
| 2024-06-02 16:00:00 | 12,040,692 | 0.00% | Addresses with over 0.001 |
| 2024-06-02 16:00:00 | 8,049,362 | 0.00% | Addresses with over 0.01 |
| 2024-06-02 16:00:00 | 3,547,642 | 0.00% | Addresses with over 0.1 |
| 2024-06-02 16:00:00 | 858,596 | 0.00% | Addresses with over 1 |
| 2024-06-02 16:00:00 | 136,870 | 0.00% | Addresses with over 10 |
| 2024-06-02 16:00:00 | 13,751 | 0.00% | Addresses with over 100 |
| 2024-06-02 16:00:00 | 1,976 | 0.00% | Addresses with over 1,000 |
| 2024-06-02 16:00:00 | 101 | 0.00% | Addresses with over 10,000 |
| 2024-06-02 16:00:00 | 3 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
In conclusion, the ‘Bitcoin Address Indicators’ table provides valuable insights into the characteristics and behaviors of Bitcoin addresses. The data reveals a significant number of zero-balance addresses, indicating a considerable portion of inactive or dormant wallets. However, the presence of a substantial number of active addresses highlights ongoing engagement and transactional activity within the Bitcoin network. While the analysis is based on the provided dataset, its recent reference date ensures a current understanding of address indicators. Continued monitoring of these indicators, along with broader market analysis, will contribute to a deeper understanding of user behavior and the overall adoption of Bitcoin.
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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