Bitcoin Wallets Analysis
On-chain data reveals a divergence in Bitcoin address activity. While total addresses climbed to 1.558 billion, up 0.02% on November 3rd, much of this growth stems from new zero-balance wallets, which also increased by 0.02% to 1.501 billion. This suggests an expansion in overall address count without a corresponding rise in actual holdings. Crucially, addresses holding any Bitcoin remained flat at 541,155 on November 3rd, indicating stagnant real user engagement.
Looking deeper, we’re seeing mixed signals across different wallet sizes. Addresses holding over 0.01 BTC showed some life, ticking up 0.02% to 8.279 million on November 3rd, following a stronger 0.10% jump the day prior. Similarly, wallets holding over 1 BTC held steady at 822,148 after a 0.06% increase on November 2nd. However, this modest accumulation in mid-tier wallets is overshadowed by a notable contraction at the larger end.
Addresses with over 100 BTC dipped 0.35% to 18,417 on November 3rd. The largest wallets, those holding over 1,000 BTC, also saw a decline, dropping 0.15% to 1,952 on November 3rd. This pattern suggests that while smaller and mid-sized holders are maintaining or slightly increasing their positions, larger entities might be shedding some holdings, or at least not accumulating at the same pace.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2026-11-03 08:00:00 | 1,558,600,952 | 0.02% | Total Addresses |
| 2026-11-03 08:00:00 | 1,501,392,582 | 0.02% | Zero Balance Addresses |
| 2026-11-03 08:00:00 | 541,155 | 0.00% | Addresses with over 0 |
| 2026-11-03 08:00:00 | 219,421 | 0.00% | Addresses with over 0.0000001 |
| 2026-11-03 08:00:00 | 5,030,117 | 0.00% | Addresses with over 0.000001 |
| 2026-11-03 08:00:00 | 12,341,497 | -0.04% | Addresses with over 0.00001 |
| 2026-11-03 08:00:00 | 14,135,658 | -0.01% | Addresses with over 0.0001 |
| 2026-11-03 08:00:00 | 12,199,852 | -0.02% | Addresses with over 0.001 |
| 2026-11-03 08:00:00 | 8,279,042 | 0.02% | Addresses with over 0.01 |
| 2026-11-03 08:00:00 | 3,489,147 | -0.01% | Addresses with over 0.1 |
| 2026-11-03 08:00:00 | 822,148 | 0.00% | Addresses with over 1 |
| 2026-11-03 08:00:00 | 129,876 | 0.00% | Addresses with over 10 |
| 2026-11-03 08:00:00 | 18,417 | -0.35% | Addresses with over 100 |
| 2026-11-03 08:00:00 | 1,952 | -0.15% | Addresses with over 1,000 |
| 2026-11-03 08:00:00 | 84 | 0.00% | Addresses with over 10,000 |
| 2026-11-03 08:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
November 3rd shows a quiet market where headline total address growth is largely superficial, driven by empty wallets. Active addresses with any balance aren’t expanding, signaling a lack of new participants bringing funds on-chain. While some mid-sized wallets show minor accumulation, the more significant observation is the decline in larger cohorts on November 3rd, particularly those holding over 100 BTC and 1,000 BTC. This suggests a cautious sentiment among bigger players, contrasting with the steady, albeit flat, activity from smaller holders. The on-chain picture appears not to point to strong directional momentum right now.
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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