Non-Zero Bitcoin Addresses Hits an All-Time High

non-zero bitcoin addresses all-time high

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.

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’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.

BTC is currently trading at $43261, at the time of writing, up 12.7% from the past 24 hours, according to CoinGecko.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

BTC Bitcoin Non-Zero Bitcoin Wallet Address Non-Zero Addresses ATH

Non-Zero Bitcoin Addresses Hits an All-Time High

Jafrin Ahmed

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.