Bitcoin Addresses with Non-Zero Balances Reach ATH

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Bitcoin Addresses with Non-Zero Balances Reach ATH

As Bitcoin continues to attempt to break its all time high price, we see another positive metric in the ecosystem: the number of wallets with a non-zero sum of Bitcoin deposited.

As of Dec. 12, the number of Bitcoin wallets containing a non-zero balance of Bitcoin reached its all time high of 32,925,521. This breaks the previous record of 32,925,198 addresses reached just the day earlier. This data was aggregated and charted by Glassnode, a monitor of on-chain metrics and exchange flows.

This news of an all time high of non-zero held Bitcoin accounts is a very positive sign in the space. It shows that more users are creating wallets and actually depositing Bitcoin on them. This highlights that users are interacting with the network.

Glassnode also pointed out that the number of Bitcoin addresses holding at least 1 BTC also broke its all time high with 825,988 addresses. This new record occurred on Dec. 12, and Bitcoin broke its ATH for wallets with at least 1 BTC just a day earlier.

On top of these statistics, according to Chief Economist of Chainalysis, Philip Gradwell, Bitcoin wallets that hold over 1,000 Bitcoin (currently worth about $19 million) also increased by 17% in 2020, pointing to increased intention by retail and institutional investors.


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