Non-Zero Bitcoin Addresses Hits an All-Time High PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Non-Zero Bitcoin Addresses Hits an All-Time High

Time Stamp: March 1, 2022 6:06 AM

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The number of non-zero bitcoin addresses has reached a new all-time high of 40,276,163. As the name suggests, non-zero addresses are wallets containing the smallest fractions of the flagship cryptocurrency. Bitcoin’s On-chain Metrics Still Strong According to data from crypto analytics firm Glassnode, addresses with a non-zero balance of Bitcoin have reached a new all-time high at 40,276,163. 📈 #Bitcoin $BTC Number of Non-Zero Addresses just reached an ATH of 40,276,163 Previous ATH of 40,275,801 was observed on 05 February 2022 View metric:https://t.co/VtoChZbLsa pic.twitter.com/hTnHlN9GeU — glassnode alerts (@glassnodealerts) February 27, 2022 Glassnode pointed out that addresses with positive Bitcoin balances had surged between 2019 and 2020. However, the 2021 bull market halted this trend. By mid-2021, such addresses stagnated at around 35 million. Since then, it resumed the uptrend towards the beginning of this year to reach an all-time high of 40,276,163 addresses. The analytics company also informed that out of the non-zero BTC addresses, 817,445 hold more than on Bitcoin which is at a ten-month high. 📈 #Bitcoin $BTC Number of Addresses Holding 1+ Coins just reached a 10-month high of 817,445 Previous 10-month high of 817,389 was observed on 27 February 2022 View metric:https://t.co/s7tx1xxyz3 pic.twitter.com/AofurSDNTO — glassnode alerts (@glassnodealerts) February 28, 2022 Bitcoin’s Token Circulation Hits a 9-month High The news of Russia-Ukraine tensions has prompted many Bitcoin (BTC) investors to move their holdings, with whales making massive transfers, according to data from another blockchain analytics resource Santiment. Santiment noted that the largest amount of BTC transactions was worth over $100,000 and $1,000,000 in about a month as BTC dropped below $35,000. In addition, Bitcoin’s circulation hit a 9-month high, “revealing just how polarized traders have become with the war,” according to the company. 🐳 As #Bitcoin prices bottomed out at $34.7k with Thursday’s war news, whales have made some MASSIVE transactions. This has been the largest amount of both $100k+ and $1m+ $BTC transactions since Jan. 24th, when prices jumped +15% the week following. 📈https://t.co/gpyqFS9UGi pic.twitter.com/laeSxeHUXV — Santiment (@santimentfeed) February 25, 2022 BTC is currently trading at $43261, at the time of writing, up 12.7% from the past 24 hours, according to CoinGecko.

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