Bitcoin Wallets Analysis
On-chain activity on October 4th presents a nuanced picture. While total Bitcoin addresses ticked up by 0.02% to over 1.55 billion on October 4th, the number of zero-balance addresses grew at the same pace. This suggests new wallet creation isn’t translating into immediate accumulation, with the overall pool of addresses holding any balance remaining largely stagnant at around 541,180. We’re not seeing a broad expansion of active participation.
Looking deeper, accumulation patterns are inconsistent across different cohorts. Addresses holding over 0.0001 BTC, 0.01 BTC, and 0.1 BTC all showed modest, consistent growth, indicating steady activity among smaller holders. The crucial “wholecoiner” group, those with over 1 BTC, recovered from a slight dip on October 3rd to climb to 821,536 addresses, a 0.02% gain. This cohort’s resilience offers a positive signal.
However, the picture isn’t uniformly bullish for larger players. Addresses with over 10 BTC saw a slight contraction of 0.01% on October 4th, while the ultra-large cohort holding over 10,000 BTC experienced a 1.20% drop on October 3rd before stabilizing. This mixed movement among significant holders, coupled with flat active addresses, indicates a cautious market.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2026-10-04 08:00:00 | 1,550,282,654 | 0.02% | Total Addresses |
| 2026-10-04 08:00:00 | 1,493,232,036 | 0.02% | Zero Balance Addresses |
| 2026-10-04 08:00:00 | 541,180 | 0.00% | Addresses with over 0 |
| 2026-10-04 08:00:00 | 219,436 | 0.00% | Addresses with over 0.0000001 |
| 2026-10-04 08:00:00 | 5,004,104 | 0.01% | Addresses with over 0.000001 |
| 2026-10-04 08:00:00 | 12,282,102 | 0.04% | Addresses with over 0.00001 |
| 2026-10-04 08:00:00 | 14,124,818 | 0.03% | Addresses with over 0.0001 |
| 2026-10-04 08:00:00 | 12,149,993 | -0.04% | Addresses with over 0.001 |
| 2026-10-04 08:00:00 | 8,259,335 | 0.01% | Addresses with over 0.01 |
| 2026-10-04 08:00:00 | 3,498,151 | 0.02% | Addresses with over 0.1 |
| 2026-10-04 08:00:00 | 821,536 | 0.02% | Addresses with over 1 |
| 2026-10-04 08:00:00 | 129,659 | -0.01% | Addresses with over 10 |
| 2026-10-04 08:00:00 | 18,273 | 0.01% | Addresses with over 100 |
| 2026-10-04 08:00:00 | 1,944 | 0.05% | Addresses with over 1,000 |
| 2026-10-04 08:00:00 | 83 | 0.00% | Addresses with over 10,000 |
| 2026-10-04 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 in equilibrium, with no strong directional signals emerging from address metrics. We see a slight expansion in total addresses, but this growth is primarily in empty wallets, not active accumulation. While smaller and mid-tier holders, including those with over 1 BTC, show some modest growth, larger wallets present a mixed bag. The contraction in addresses holding over 10 BTC and the prior day’s drop in the 10,000+ BTC cohort suggest some larger players are either consolidating or reducing exposure. The overall flat trend in addresses with any balance reinforces this cautious stance.
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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