The number of Bitcoin wallets holding more than 0.1 BTC has not grown in two years

Since the Bitcoin network launched in 2009, the number of unique addresses holding more than 0.1 BTC had been increasing every year until 2023. However, over the past 24 months this trend has slowed dramatically.

Indeed, since December 8, 2023, the number has fallen from 4,548,107 to 4,443,541.

This figure remained stable for most of 2024, and then began to decline, reaching a two-year low as of today.

Since December 8, 2023, the number of such addresses has dropped from 4,548,107 to 4,443,541.

Meanwhile, the number of addresses holding 0.01 BTC has decreased by 0.7%, indicating a reduced willingness among investors to keep larger amounts in a single wallet over the past two years.

At first glance, this metric suggests a decline in the number of BTC investors holding several thousand dollars worth of bitcoin in wallets such as Ledger, Trezor, Coldcard, and similar devices.

Unlike the early days of the Bitcoin network, today there are thousands of centralized exchanges, ETFs, derivatives, corporate treasuries, and other financial intermediaries providing access to bitcoin and offering custody services.

It is likely that users are taking advantage of this by distributing their bitcoin across different addresses.

Meanwhile, the price of bitcoin has risen by $2,500 and moved above the $93,000 resistance level. It appears that a decision to cut interest rates has already been made and the information has leaked to the media. The Fed’s official announcement will be made on December 10.

See also: "Bitcoin rises to $92.6K ahead of possible Fed rate cut"

#Bitcoin (BTC) #Cryptowallet

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