Bitcoin Wallets Analysis
On-chain activity presents a mixed but telling picture on October 28th. While total Bitcoin addresses continue their steady climb, adding over 270,000 daily to reach 1.55 billion, the number of addresses holding any balance remains largely flat at around 541,000. This suggests that much of the new address creation isn’t immediately translating into funded wallets, with zero-balance addresses increasing at a similar pace.
However, a closer look at larger cohorts reveals a distinct pattern. Addresses holding over 10 BTC jumped 0.09% on October 28th, reaching 129,738. The most significant move comes from the 100+ BTC addresses, which saw a robust 0.32% increase, adding 59 wallets to reach 18,444. Even the 1,000+ BTC group ticked up by three addresses. This points to renewed accumulation among significant holders.
Conversely, some mid-tier wallets show softness. Addresses with over 1 BTC have slightly contracted over the period, and the 0.01 BTC cohort, after a notable dip on October 27th, has only partially recovered. The divergence between stagnant smaller active wallets and growing larger ones suggests a cautious market where bigger players are positioning, but broader participation isn’t yet expanding.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2026-10-28 08:00:00 | 1,556,900,215 | 0.02% | Total Addresses |
| 2026-10-28 08:00:00 | 1,499,683,778 | 0.02% | Zero Balance Addresses |
| 2026-10-28 08:00:00 | 541,161 | 0.00% | Addresses with over 0 |
| 2026-10-28 08:00:00 | 219,432 | 0.00% | Addresses with over 0.0000001 |
| 2026-10-28 08:00:00 | 5,028,682 | 0.03% | Addresses with over 0.000001 |
| 2026-10-28 08:00:00 | 12,356,399 | 0.03% | Addresses with over 0.00001 |
| 2026-10-28 08:00:00 | 14,167,569 | 0.04% | Addresses with over 0.0001 |
| 2026-10-28 08:00:00 | 12,199,653 | 0.02% | Addresses with over 0.001 |
| 2026-10-28 08:00:00 | 8,253,649 | 0.02% | Addresses with over 0.01 |
| 2026-10-28 08:00:00 | 3,479,742 | 0.00% | Addresses with over 0.1 |
| 2026-10-28 08:00:00 | 819,941 | 0.00% | Addresses with over 1 |
| 2026-10-28 08:00:00 | 129,738 | 0.09% | Addresses with over 10 |
| 2026-10-28 08:00:00 | 18,444 | 0.32% | Addresses with over 100 |
| 2026-10-28 08:00:00 | 1,939 | 0.15% | Addresses with over 1,000 |
| 2026-10-28 08:00:00 | 84 | 0.00% | Addresses with over 10,000 |
| 2026-10-28 08:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
The latest on-chain data indicates a quiet accumulation phase, primarily driven by larger Bitcoin holders. While overall address growth continues, the flat count of addresses with any balance suggests retail engagement isn’t expanding. The notable increases in wallets holding over 10 BTC, 100 BTC, and 1,000 BTC on October 28th signal that institutional or high-net-worth entities are actively adding to their positions. This selective accumulation provides a degree of underlying support, but the lack of broad-based growth in active addresses suggests the market remains sensitive to external catalysts.
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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