bitcoin addresses with a balance of more than 0.1 btc are approaching an all-time high, according to data from bitcoin Pro MagazineThere are currently 4,580,424 such addresses, just shy of the record high of 4,586,540, and representing a month-over-month increase of 27,939 addresses.
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The recent drop in bitcoin price from around $67,500 to $49,000 provided investors with a unique buying opportunity, allowing them to accumulate bitcoin at prices below $50,000. Even with bitcoin currently trading in the $50,000 to $60,000 range, down 24% from its all-time high, buyers are still accumulating, which could push the number of addresses holding more than 0.1 btc to a new record in the near future.
This chart illustrates the number of unique addresses holding at least 0.1 btc. Tracking this metric helps measure bitcoin adoption and usage over time. For example, an increase in addresses holding small amounts of bitcoin indicates growing adoption among new users.
A bitcoin address, which consists of between 26 and 35 alphanumeric characters, allows people to send and receive bitcoin. Each wallet can contain multiple addresses, which function as the public part required for transactions.
With the total bitcoin supply capped at 21 million, approximately 19 million have been mined to date. Estimates suggest that around 3 million of these may already be lost. As bitcoin continues to gain traction, the number of addresses holding at least 0.1 btc is expected to increase, reflecting wider adoption and increased usage across various pools.
For more detailed information, insights, and to sign up for a free trial to access bitcoin Magazine Pro data and analysis, visit the official website. here.
