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Bitcoin addresses with a balance of over 0.1 $BTC are nearing an all-time high, according to data from Bitcoin Magazine Pro. Currently, there are 4,580,424 such addresses, just shy of the record 4,586,540, and represents a month over month increase of 27,939 addresses.
The recent drop in Bitcoin's price from around $67,500 to $49,000 provided investors a unique buying opportunity, allowing them to accumulate Bitcoin at prices below $50,000. Even with Bitcoin currently trading in the $50,000-$60,000 range, down 24% from its all-time high, buyers continue to accumulate, potentially pushing the number of addresses with over 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 gauge Bitcoin adoption and usage over time. For instance, an increase in addresses holding small amounts of Bitcoin indicates growing adoption among new users.
A Bitcoin address, consisting of 26-35 alphanumeric characters, allows individuals to send and receive Bitcoin. Each wallet can contain multiple addresses, serving as the public-facing part necessary for transactions.
With Bitcoin’s total supply capped at 21 million, approximately 19 million have been mined to date. Estimates suggest 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 rise, reflecting broader adoption and increased usage across various cohorts.
For more detailed information, insights, and to sign up for a free trial to access Bitcoin Magazine Pro's data and analytics, visit the official website here.