Bitcoin Wallets Analysis
Bitcoin’s on-chain metrics present a nuanced picture on November 6th. Total addresses continued to climb, adding 0.02% on November 6th, pushing the count to over 1.559 billion. However, much of this expansion appears to be from zero-balance wallets, which also grew by 0.02% on November 6th, reaching over 1.502 billion. This suggests a significant portion of new address creation isn’t tied to active accumulation.
Looking at active balances, we’re seeing some divergence. Wallets holding over 0.001 BTC saw a modest 0.06% increase on November 6th, building on a 0.02% gain the day prior. This indicates some persistent, albeit small, retail interest. Conversely, addresses holding over 0.1 BTC dipped notably by 0.21% on November 6th. The largest cohorts show more significant shifts. Addresses with over 1,000 BTC decreased by 0.15% on November 6th. Even more striking, the ultra-large wallets holding over 10,000 BTC saw a sharp 1.22% contraction on November 6th, dropping from 83 to 82 addresses. This isn’t a broad-based accumulation pattern.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2026-11-06 08:00:00 | 1,559,493,931 | 0.02% | Total Addresses |
| 2026-11-06 08:00:00 | 1,502,286,348 | 0.02% | Zero Balance Addresses |
| 2026-11-06 08:00:00 | 541,150 | 0.00% | Addresses with over 0 |
| 2026-11-06 08:00:00 | 219,420 | 0.00% | Addresses with over 0.0000001 |
| 2026-11-06 08:00:00 | 5,031,806 | -0.03% | Addresses with over 0.000001 |
| 2026-11-06 08:00:00 | 12,333,229 | -0.01% | Addresses with over 0.00001 |
| 2026-11-06 08:00:00 | 14,128,461 | -0.22% | Addresses with over 0.0001 |
| 2026-11-06 08:00:00 | 12,219,494 | 0.06% | Addresses with over 0.001 |
| 2026-11-06 08:00:00 | 8,278,075 | -0.07% | Addresses with over 0.01 |
| 2026-11-06 08:00:00 | 3,483,076 | -0.21% | Addresses with over 0.1 |
| 2026-11-06 08:00:00 | 822,636 | 0.00% | Addresses with over 1 |
| 2026-11-06 08:00:00 | 129,846 | 0.00% | Addresses with over 10 |
| 2026-11-06 08:00:00 | 18,356 | 0.02% | Addresses with over 100 |
| 2026-11-06 08:00:00 | 1,948 | -0.15% | Addresses with over 1,000 |
| 2026-11-06 08:00:00 | 82 | -1.22% | Addresses with over 10,000 |
| 2026-11-06 08:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
The latest on-chain data points to a period of quiet distribution among the largest Bitcoin holders, contrasting with the headline growth in total addresses. While total addresses are up, the bulk of this increase comes from empty wallets. We’re seeing modest accumulation in the 0.001 BTC tier, but significant selling pressure from the 1,000 BTC and 10,000 BTC cohorts, which saw declines of 0.15% and 1.22% respectively on November 6th. This suggests a cautious market where larger players are offloading, while smaller, active wallets show mixed signals.
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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