According to data, Bitcoin addresses with a balance of more than 0.1 BTC are approaching an all-time high. Bitcoin Magazine ProThere are currently 4,580,424 such addresses, just below the record high of 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 presented 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-$60,000 range, down 24% from its all-time high, buyers continue to accumulate, potentially pushing the number of addresses holding more than 0.1 BTC to a new all-time high in the near future.
This graph 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, consisting of 26-35 alphanumeric characters, allows individuals to send and receive Bitcoin. Each wallet can contain multiple addresses, which serve as the public portion needed for transactions.
With a total Bitcoin supply of 21 million, approximately 19 million have been mined to date. It is estimated that around 3 million of these addresses have already been lost. As Bitcoin gains popularity, the number of addresses holding at least 0.1 BTC is expected to increase, reflecting broader adoption and increased usage across different cohorts.
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