Bitcoin Wallets Analysis
The latest data from the ‘Bitcoin Address Indicators’ table provides us with valuable insights into the current state of the cryptocurrency market. As of the most recent date, there are a total of 1,250,107,865 Bitcoin addresses. This figure has remained constant over the last three days, indicating stability in the number of total addresses. The variation is reported as 0.00%, further supporting the stability of the market.
When looking at the active addresses, we observe a different trend. On the most recent date, there were 901,860 active Bitcoin addresses, representing a 5.43% increase compared to the previous day. However, the number of active addresses had experienced a significant decrease of -15.97% the day before. This fluctuation suggests a more dynamic nature in the market regarding Bitcoin activity.
Additionally, the table provides information on the distribution of addresses based on balance thresholds. The number of addresses with a balance above 0 remained unchanged at 540,583. The same holds for addresses with balances above 0.0000001, 0.000001, 0.00001, 0.0001, 0.001, 0.01, 0.1, 1, 10, 100, 1,000, and 10,000 Bitcoins. However, the total number of addresses with balances above 100,000 Bitcoins decreased to just 4.
Overall, the data indicates a stable number of total addresses and a more volatile pattern in active addresses. The consistency in the distribution of addresses across various balance thresholds suggests a relatively balanced market in terms of the number of Bitcoin holders across different value ranges. These observations provide valuable insights into the dynamics of the cryptocurrency market and can aid in understanding current market trends and potential investment opportunities.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2024-03-17 14:00:00 | 1,250,107,865 | 0.00% | Total Addresses |
| 2024-03-17 14:00:00 | 901,860 | 5.43% | Bitcoin Active Addresses |
| 2024-03-17 14:00:00 | 540,583 | 0.00% | Addresses with over 0 |
| 2024-03-17 14:00:00 | 219,366 | 0.00% | Addresses with over 0.0000001 |
| 2024-03-17 14:00:00 | 2,893,817 | 0.00% | Addresses with over 0.000001 |
| 2024-03-17 14:00:00 | 9,715,701 | 0.00% | Addresses with over 0.00001 |
| 2024-03-17 14:00:00 | 13,299,837 | 0.00% | Addresses with over 0.0001 |
| 2024-03-17 14:00:00 | 12,072,465 | 0.00% | Addresses with over 0.001 |
| 2024-03-17 14:00:00 | 8,057,127 | 0.00% | Addresses with over 0.01 |
| 2024-03-17 14:00:00 | 3,552,036 | 0.00% | Addresses with over 0.1 |
| 2024-03-17 14:00:00 | 865,229 | 0.00% | Addresses with over 1 |
| 2024-03-17 14:00:00 | 138,909 | 0.00% | Addresses with over 10 |
| 2024-03-17 14:00:00 | 13,882 | 0.00% | Addresses with over 100 |
| 2024-03-17 14:00:00 | 1,909 | 0.00% | Addresses with over 1,000 |
| 2024-03-17 14:00:00 | 107 | 0.00% | Addresses with over 10,000 |
| 2024-03-17 14:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
In conclusion, the analysis of the ‘Bitcoin Address Indicators’ table reveals key trends in the cryptocurrency market. While the total number of Bitcoin addresses remained stable, the number of active addresses exhibited more volatility. Changes in active addresses can signify shifts in market activity and interest. Additionally, the consistent distribution of addresses across various balance thresholds highlights a broad participation of Bitcoin holders at different value levels. Although the data provides a snapshot of the market, it is crucial to consider additional factors, such as trading volume and market sentiment, to fully understand Bitcoin’s current dynamics. Nonetheless, the data from the ‘Bitcoin Address Indicators’ table lends high confidence to the analysis and serves as a valuable resource for tracking market 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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