Bitcoin Active Addresses Reach All Time High

bitcoin active addresses jan 2021

There are now more than one million active bitcoin addresses for the first time since 2017 with it just about reaching the highest level ever as pictured above. That means more than one million new addresses are being used daily, showing a significant increase in demand for the bitcoin network. Little more is known about these addresses except that the vast majority are in sats, illustrating a continued distribution in ownership. Some 75% hold between zero and 0.01 BTC, the latter worth $350. While 5 million addresses (16%) has between 0.01 and 0.1 BTC with just 2 million addresses having one bitcoin. Interestingly just one address holds more than 100,000 bitcoin, unlike 2017 when there were quite a few. This shows the definition of a bitcoin whale is changing but also that entities tend to chop up their bitcoin holdings into numerous addresses. GrayScale for example has 600,000 bitcoins, but…

Read the original article here