The number of Bitcoin wallets holding at least $10 in balance has reached a record 16.6 million. This14% more than the record of January 2018, when there were 14.5 million addresses.
Many analysts consider this to be a correct indicatornew Bitcoin distribution cycle. However, the increase in the number of addresses may not coincide with the actual number of users. One address can store the BTC of several hodlers, or one user can register several addresses. Such statistical information reflects a positive trend in the market, but cannot serve as a reliable signal for analytical forecasts.
A wallet balance of 10 BTC is enough to place the owner in the 0.51% of the largest holders. 97.3% of Bitcoin wallets contain less than 1 BTC.
Since the market crash in mid-March,the number of BTC addresses increased by 27%. The first cryptocurrency gained 200% in price, but still has not reached the highest indicators of last year and is far from the peak prices of 2017.
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