- Leading cryptocurrency data provider Glassnode has released an update covering significant developments on the Bitcoin (BTC) network.
- Glassnode reported that the number of addresses holding 1 or more Bitcoin has reached an all-time high (ATH), with this number recorded as 1,018,606.
- Glassnode’s data highlights another noteworthy trend in the Bitcoin network. The supply of Bitcoin active between 6 months and 12 months has reached its highest level in the past month, measured with a 1-day moving average (1d MA).
Despite horizontal price movements and declines in Bitcoin, investors continue to show a tendency toward Bitcoin investment.
A New Record in Bitcoin Ownership
Leading cryptocurrency data provider Glassnode has released an update covering significant developments on the Bitcoin (BTC) network. These developments indicate growth and increased activity within the Bitcoin ecosystem.
Glassnode reported that the number of addresses holding 1 or more Bitcoin has reached an all-time high (ATH), with this number recorded as 1,018,606. This milestone underscores the increasing interest and participation of individuals and institutions in the Bitcoin market. The previous ATH was also 1,018,606, demonstrating consistent growth in Bitcoin adoption.
Increased Activity in Bitcoin Addresses
Additionally, Glassnode’s data highlights another noteworthy trend in the Bitcoin network. The supply of Bitcoin active between 6 months and 12 months has reached its highest level in the past month, measured with a 1-day moving average (1d MA). This metric is currently recorded as 1,954,993.998 BTC. The increase in activity among Bitcoin holders during this specific time frame indicates renewed confidence and participation among long-term investors.
These developments come at a time when the cryptocurrency market is experiencing increased volatility and uncertainty. Bitcoin, as the leading cryptocurrency, sets the tone for the broader market. The increase in the number of addresses holding Bitcoin and the heightened activity among long-term holders demonstrate that Bitcoin continues to garner interest and trust despite market fluctuations.
As Bitcoin adapts to changing market conditions, Glassnode’s data provides valuable insights into the health of the network and participant behavior. These recent milestones further emphasize Bitcoin’s resilience and attractiveness as a digital asset and store of value in an ever-evolving financial landscape.
