Bitcoin Wallets Analysis
Bitcoin’s address activity tells a nuanced story over the past few days. Total addresses continue their steady climb, reaching 1.56 billion on November 12, a 0.02% increase. This broad expansion is largely mirrored by zero-balance wallets, suggesting a consistent rate of new address creation, many of which remain unfunded initially.
Below the surface, we’re seeing some interesting shifts in active balances. Wallets holding over 1 BTC ticked up to 824,119, a 0.04% rise on the latest day. This suggests renewed interest in larger individual holdings. The cohort of addresses with over 10 BTC also shows consistent, albeit small, growth, adding 0.03% to reach 130,096. This upward trend for mid-tier holders contrasts with a slight decline in addresses holding over 0.1 BTC and 0.01 BTC, which saw drops of 0.07% and 0.09% respectively. It appears smaller active balances are consolidating or moving, while larger ones are slowly expanding.
The very largest tiers present a mixed signal. Addresses with over 100 BTC dipped 0.02% to 18,271, while the 1,000+ BTC group remained flat at 1,943. The largest whales, those with over 10,000 BTC, saw a 1.20% decrease, now at 83. This suggests some minor distribution at the extreme top end, even as mid-tier accumulation continues to tick up.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2026-11-12 08:00:00 | 1,561,167,132 | 0.02% | Total Addresses |
| 2026-11-12 08:00:00 | 1,504,038,253 | 0.02% | Zero Balance Addresses |
| 2026-11-12 08:00:00 | 541,150 | 0.00% | Addresses with over 0 |
| 2026-11-12 08:00:00 | 219,422 | 0.00% | Addresses with over 0.0000001 |
| 2026-11-12 08:00:00 | 5,041,002 | 0.03% | Addresses with over 0.000001 |
| 2026-11-12 08:00:00 | 12,345,428 | 0.04% | Addresses with over 0.00001 |
| 2026-11-12 08:00:00 | 14,056,837 | -0.06% | Addresses with over 0.0001 |
| 2026-11-12 08:00:00 | 12,190,777 | 0.04% | Addresses with over 0.001 |
| 2026-11-12 08:00:00 | 8,272,801 | -0.09% | Addresses with over 0.01 |
| 2026-11-12 08:00:00 | 3,486,946 | -0.07% | Addresses with over 0.1 |
| 2026-11-12 08:00:00 | 824,119 | 0.04% | Addresses with over 1 |
| 2026-11-12 08:00:00 | 130,096 | 0.03% | Addresses with over 10 |
| 2026-11-12 08:00:00 | 18,271 | -0.02% | Addresses with over 100 |
| 2026-11-12 08:00:00 | 1,943 | 0.00% | Addresses with over 1,000 |
| 2026-11-12 08:00:00 | 83 | -1.20% | Addresses with over 10,000 |
| 2026-11-12 08:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
The latest daily data shows quiet accumulation rather than widespread capitulation: larger wallets grew while small ones stayed put, and the active-address baseline held steady. The on-chain backdrop appears to support price, but the move is small enough that it could reverse on a single catalyst. Watch the 10+ BTC cohort for sustained growth before reading this as a confirmed trend. The data suggests a market where mid-tier holders are slowly building positions, even as the largest addresses show some minor distribution.
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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