Since the Bitcoin network’s launch in 2009, the number of unique addresses with a balance of more than 0,1 BTC has increased annually until 2023. However, over the past 24 months, this growth has slowed significantly.
Indeed, since December 8, 2023, their number has decreased 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 today.
As of December 8, 2023, the number of addresses has decreased from 4,548,107 to 4,443,541.
At the same time, the number of addresses storing 0,01 BTC decreased by 0,7%, indicating a decrease in investors’ willingness to store larger sums in a single wallet over the past two years.
At first glance, this metric indicates a decline in the number of BTC investors storing several thousand dollars’ worth of bitcoin in wallets like Ledger, Trezor, Coldcard, and other similar wallets.
Unlike the early days of the Bitcoin network, today there are thousands of centralized exchanges, ETF, derivatives, treasury companies and other financial intermediaries that provide access to Bitcoin and provide storage services.
It is likely that users are taking advantage of this and dividing bitcoins between different addresses.
Meanwhile, the price of Bitcoin rose by $2500 and climbed above the $93,000 resistance level. Apparently, the 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.