Bitcoin Wallets Analysis
On-chain data over the past two days shows a clear divergence in Bitcoin address behavior. Total addresses climbed to 1.56 billion, ticking up 0.04% since November 9th. Zero-balance addresses mirrored this growth, indicating a steady influx of new, unfunded wallets entering the ecosystem. However, the more telling trends emerge when examining specific balance cohorts.
We’re observing a consistent accumulation among larger holders. Addresses with over 10 BTC grew a solid 0.11% in two days, reaching 130,052. Even more notably, the ultra-large wallets, those with over 10,000 BTC, jumped 1.20% to 84 addresses as of November 11th. This suggests robust buying from significant players. Conversely, smaller to mid-sized wallets, specifically those holding over 0.0001 BTC and over 100 BTC, saw declines of 0.36% and 0.34% respectively, which points to some distribution from these groups.
This mixed activity indicates a market where larger entities are actively adding to their holdings while some smaller participants are either consolidating or reducing their exposure. Addresses with over 0.001 BTC and 0.01 BTC both showed modest growth, suggesting some sustained engagement from smaller, yet active, segments.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2026-11-11 08:00:00 | 1,560,890,723 | 0.02% | Total Addresses |
| 2026-11-11 08:00:00 | 1,503,755,847 | 0.02% | Zero Balance Addresses |
| 2026-11-11 08:00:00 | 541,153 | 0.00% | Addresses with over 0 |
| 2026-11-11 08:00:00 | 219,421 | 0.00% | Addresses with over 0.0000001 |
| 2026-11-11 08:00:00 | 5,039,712 | 0.03% | Addresses with over 0.000001 |
| 2026-11-11 08:00:00 | 12,339,929 | -0.05% | Addresses with over 0.00001 |
| 2026-11-11 08:00:00 | 14,065,415 | -0.11% | Addresses with over 0.0001 |
| 2026-11-11 08:00:00 | 12,185,721 | 0.05% | Addresses with over 0.001 |
| 2026-11-11 08:00:00 | 8,280,073 | 0.03% | Addresses with over 0.01 |
| 2026-11-11 08:00:00 | 3,489,312 | 0.02% | Addresses with over 0.1 |
| 2026-11-11 08:00:00 | 823,783 | -0.04% | Addresses with over 1 |
| 2026-11-11 08:00:00 | 130,052 | 0.07% | Addresses with over 10 |
| 2026-11-11 08:00:00 | 18,274 | -0.22% | Addresses with over 100 |
| 2026-11-11 08:00:00 | 1,943 | -0.31% | Addresses with over 1,000 |
| 2026-11-11 08:00:00 | 84 | 1.19% | Addresses with over 10,000 |
| 2026-11-11 08:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
The two-day on-chain activity shows a distinct shift toward larger holders. Addresses with over 10,000 BTC saw a notable increase, alongside steady growth in the 10+ BTC category. This accumulation at the top contrasts with a decline in some smaller and mid-tier wallet counts, particularly those holding over 0.0001 BTC and 100 BTC. While total addresses continue to grow, the distribution of wealth appears to be centralizing slightly. This pattern suggests a quiet, high-conviction buying momentum from significant entities, even as broader retail engagement shows some minor pullback.
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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