Bitcoin Wallets Analysis
On-chain activity presents a nuanced picture over the past 72 hours. Total Bitcoin addresses continue their steady climb, reaching 1.558 billion on November 4th, up 0.02% from the prior day. However, the count of active addresses, those holding any balance above zero, has remained flat at 541,155 across the three-day period. This suggests that while new addresses are being created, they aren’t immediately being funded or used.
Looking deeper, we see mixed signals across different wallet sizes. Addresses holding over 1 BTC ticked up 0.05% to 822,561 on November 4th, indicating some accumulation by mid-tier holders. Similarly, wallets with over 0.001 BTC saw a 0.08% jump, reaching 12.2 million. This modest growth in smaller to mid-sized balances suggests a baseline of consistent, albeit slow, organic demand.
The larger cohorts tell a different story. Addresses holding over 10 BTC saw a slight dip of 0.03% on November 4th. More significantly, the number of wallets with over 100 BTC has declined for two consecutive days, dropping 0.35% on November 3rd and another 0.15% on November 4th, now at 18,390. The most substantial move comes from the largest holders: addresses with over 10,000 BTC plunged 1.20% on November 4th, with one such address moving out of this tier. This indicates some significant distribution or consolidation among the very largest entities.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2026-11-04 08:00:00 | 1,558,904,055 | 0.02% | Total Addresses |
| 2026-11-04 08:00:00 | 1,501,677,270 | 0.02% | Zero Balance Addresses |
| 2026-11-04 08:00:00 | 541,155 | 0.00% | Addresses with over 0 |
| 2026-11-04 08:00:00 | 219,422 | 0.00% | Addresses with over 0.0000001 |
| 2026-11-04 08:00:00 | 5,031,503 | 0.03% | Addresses with over 0.000001 |
| 2026-11-04 08:00:00 | 12,338,504 | -0.02% | Addresses with over 0.00001 |
| 2026-11-04 08:00:00 | 14,141,269 | 0.04% | Addresses with over 0.0001 |
| 2026-11-04 08:00:00 | 12,209,858 | 0.08% | Addresses with over 0.001 |
| 2026-11-04 08:00:00 | 8,281,607 | 0.03% | Addresses with over 0.01 |
| 2026-11-04 08:00:00 | 3,490,640 | 0.04% | Addresses with over 0.1 |
| 2026-11-04 08:00:00 | 822,561 | 0.05% | Addresses with over 1 |
| 2026-11-04 08:00:00 | 129,837 | -0.03% | Addresses with over 10 |
| 2026-11-04 08:00:00 | 18,390 | -0.15% | Addresses with over 100 |
| 2026-11-04 08:00:00 | 1,952 | 0.00% | Addresses with over 1,000 |
| 2026-11-04 08:00:00 | 83 | -1.20% | Addresses with over 10,000 |
| 2026-11-04 08:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
The recent on-chain data points to a market with quiet, steady growth in total addresses, yet stagnant daily active participation. While mid-tier wallets (over 1 BTC) show minor accumulation, the largest holders (over 100 BTC and 10,000 BTC) are shedding addresses. This divergence suggests that smaller players are slowly adding to their stacks, but significant distribution is occurring at the top end. The overall picture isn’t one of broad-based accumulation, but rather a rebalancing among different participant sizes. It remains to be seen if the decline in large-holder addresses continues or if smaller cohorts can absorb this supply.
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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