Bitcoin Wallets Analysis
On-chain data reveals a nuanced picture of Bitcoin address activity over the past few days. Total addresses continue their steady climb, reaching 1.557 billion on October 31, a 0.02% daily increase. However, this growth is largely mirrored by zero-balance addresses, which also rose 0.02% to 1.500 billion, suggesting new wallet creation without immediate funding. Meanwhile, the base of addresses holding any balance remained flat at 541,156, indicating a stable but not expanding active user base.
Looking deeper into accumulation, we’re seeing a mixed bag across different wallet sizes. Addresses holding over 1 BTC ticked up 0.05% to 820,848, a consistent positive trend for “wholecoiners.” Similarly, mid-sized wallets holding over 0.1 BTC and 0.01 BTC both saw 0.09% increases. This suggests a quiet but broad accumulation among these cohorts.
However, the picture isn’t uniform. Wallets holding over 0.0001 BTC experienced a notable 0.30% drop, the largest negative variation among smaller balances. On the larger end, addresses with over 1,000 BTC held steady at 1,953 on October 31, but this follows a significant 0.82% surge the day prior. This indicates that holdings then stabilized.
Bitcoin Address Types
| Date | Addresses | Variation | Indicator |
|---|---|---|---|
| 2026-10-31 08:00:00 | 1,557,774,477 | 0.02% | Total Addresses |
| 2026-10-31 08:00:00 | 1,500,579,593 | 0.02% | Zero Balance Addresses |
| 2026-10-31 08:00:00 | 541,156 | 0.00% | Addresses with over 0 |
| 2026-10-31 08:00:00 | 219,420 | 0.00% | Addresses with over 0.0000001 |
| 2026-10-31 08:00:00 | 5,027,708 | 0.03% | Addresses with over 0.000001 |
| 2026-10-31 08:00:00 | 12,343,977 | -0.01% | Addresses with over 0.00001 |
| 2026-10-31 08:00:00 | 14,137,256 | -0.30% | Addresses with over 0.0001 |
| 2026-10-31 08:00:00 | 12,204,163 | -0.01% | Addresses with over 0.001 |
| 2026-10-31 08:00:00 | 8,265,466 | 0.09% | Addresses with over 0.01 |
| 2026-10-31 08:00:00 | 3,484,651 | 0.09% | Addresses with over 0.1 |
| 2026-10-31 08:00:00 | 820,848 | 0.05% | Addresses with over 1 |
| 2026-10-31 08:00:00 | 129,746 | 0.00% | Addresses with over 10 |
| 2026-10-31 08:00:00 | 18,451 | -0.06% | Addresses with over 100 |
| 2026-10-31 08:00:00 | 1,953 | 0.00% | Addresses with over 1,000 |
| 2026-10-31 08:00:00 | 85 | 0.00% | Addresses with over 10,000 |
| 2026-10-31 08:00:00 | 4 | 0.00% | Addresses with over 100,000 |
Conclusions About the Bitcoin Network
The two-day data window shows a pattern of quiet accumulation, particularly among mid-tier and larger Bitcoin holders. While total addresses are expanding, much of this growth is in zero-balance wallets, suggesting new user onboarding without immediate asset allocation. The stability in active addresses, coupled with consistent increases in wallets holding over 0.01, 0.1, and 1 BTC, points to a healthy accumulation phase from established participants. The significant jump in 1,000+ BTC addresses on October 30, holding steady on October 31, further reinforces this trend of larger entities adding to their positions.
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.
About the Author: CryptoTrends Team
With over five years of diving deep into cryptocurrencies and blockchain, we’ve cemented our position as experts in the digital currency realm. Our team has not only contributed to a multitude of pioneering blockchain projects but has also enlightened thousands with our incisive articles CryptoTrends. Always at the cutting edge of crypto trends, we proudly collaborate with CryptoBotStation, ensuring our readers stay one step ahead in this dynamic space.
