{"id":19363,"date":"2022-02-28T06:51:25","date_gmt":"2022-02-28T05:51:25","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=19363"},"modified":"2022-02-28T16:22:05","modified_gmt":"2022-02-28T15:22:05","slug":"btc-addresses-with-non-zero-statements-reach-a-new-all-time-high","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/btc-addresses-with-non-zero-statements-reach-a-new-all-time-high\/","title":{"rendered":"BTC addresses with Non-zero statements reach a new all-time high"},"content":{"rendered":"\n
The number of addresses with a non-zero BTC balance reached an all-time high of a 40million in February, indicating bullish sentiment for Bitcoin <\/a>and also indicating a strong adoption of the cryptocurrency.<\/h5>\n\n\n\n
\"BTC<\/figure>\n\n\n\n

Additionally, wallets with a positive BTC balance are hoarding their currencies more and more. According to statistics from on-chain analytics firm Glassnode, the number of BTC circulating supply\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> last moved between three and five years ago, reaching a four-year high of little over 2.8 million coins.<\/p>\n\n\n\n

\n

\ud83d\udcc8 #Bitcoin<\/use><\/svg><\/span><\/a> $BTC<\/use><\/svg><\/span><\/a> 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<\/use><\/svg><\/span><\/a> pic.twitter.com\/hTnHlN9GeU<\/use><\/svg><\/span><\/a><\/p>— glassnode alerts (@glassnodealerts) February 27, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

Through 2019 and 2020, the number of addresses with a non-zero balance grew rapidly until the middle of 2021, when it appeared to have reached a plateau of over 35 million addresses.<\/p>\n\n\n\n

Reasons for the increase<\/h2>\n\n\n\n

According to Glassnode<\/a>, growth in this statistic has accelerated since the beginning of 2022, resulting in a new ATH of 40,276,163.<\/p>\n\n\n\n

The abrupt increase in BTC supply, which was last active three to five years ago, corresponds to the end of the previous extended bull market at the start of 2018.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Glassnode revealed that 817,445 of the addresses with a non-zero balance hold at least one whole BTC, a 10-month high on Feb. 28.<\/p>\n\n\n\n

This month, supply-side dynamics in Bitcoin have offered a number of interesting indicators<\/a>. On February 9, FSInsight estimated that 75% of the BTC circulating supply was illiquid because it had not traded in a long time.<\/p>\n\n\n\n

The position is defined as a “powder keg” that is ready to blow as soon as a moderate number of BTC is purchased on the market, according to the financial research firm's analysis.<\/p>\n\n\n\n

In February, political turmoil in Canada and Ukraine shed more light on Bitcoin's ability to remain censor-proof. As tensions in the region rise, some Canadians have turned to Bitcoin to prevent their assets from being blocked, and the Ukrainian government<\/a> is now taking Bitcoin payments.<\/p>\n\n\n\n

According to CoinGecko, BTC is currently trading at $37,827, down roughly 45 percent from its ATH of $69,000 on November 10th.<\/p>\n","protected":false},"excerpt":{"rendered":"

The number of addresses with a non-zero BTC balance reached an all-time high of a 40million in February, indicating bullish sentiment for Bitcoin and also indicating a strong adoption of the cryptocurrency. Additionally, wallets with a positive BTC balance are hoarding their currencies more and more. According to statistics from on-chain analytics firm Glassnode, the […]<\/p>\n","protected":false},"author":12,"featured_media":17998,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,21],"tags":[5764,7687,5392],"class_list":["post-19363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","tag-ath-2","tag-btc-addresses","tag-cryptocurrency-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/02\/image-111.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=19363"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/19363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/17998"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=19363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=19363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=19363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}