Bitcoin Addresses Holding Over 0.1 BTC Near All-Time High Amid Price Dip

Bitcoin addresses with a balance of more than 0.1 BTC are nearing an all-time high, according to data from Bitcoin Pro MagazineThere are currently 4,580,424 such addresses, just shy of the record of 4,586,540, and representing a monthly increase of 27,939 addresses.

The recent drop in Bitcoin’s price from around $67,500 to $49,000 has provided 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 to $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 record in the near future.

This chart shows 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 the number of addresses holding small amounts of Bitcoin indicates increased adoption among new users.

A Bitcoin address, which is 26 to 35 alphanumeric characters long, allows individuals to send and receive Bitcoin. Each wallet can have multiple addresses, which act as the public part of transactions.

With the total supply of Bitcoin set at 21 million, approximately 19 million have been mined to date. It is estimated that around 3 million of these coins may have already been lost. As Bitcoin continues to gain momentum, the number of addresses holding at least 0.1 Bitcoin is expected to increase, reflecting wider adoption and increased usage across different clusters.

For more detailed information, insights and to sign up for a free trial to access Bitcoin Magazine Pro data and analysis, visit the official website. here.

addressesAllTimeBitcoinBTCDipHighHoldingPrice