Add as a preferred source on GoogleBitcoin Nonempty Wallet Count Falls by About 108,700 Since Oct. 16
The count peaked at 59.99 million before BTC fell below $75,000. The decline alone does not show how many investors sold.
The number of nonempty Bitcoin (BTC) wallets has fallen by about 108,700 from its Oct. 16 peak, marking a further decline in the measure after BTC dropped below $75,000.
The count reached 59.99 million on Oct. 16. The decline describes a change in wallets with balances; it does not directly measure how many people sold Bitcoin or stopped holding it.
An Oct. 26 count of nonempty Bitcoin addresses stood at about 59.95 million, roughly 30,000 below its level 10 days earlier. That earlier change and the latest decline cover different periods.
A falling count does not automatically mean Bitcoin’s utility is shrinking. Balances can be consolidated or moved among addresses, leaving some empty without showing why their owners made the transfers. The count alone cannot identify individual sellers or establish how much Bitcoin they held.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.