#Number of BTC wallets growing#

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Overview

Recent on-chain data shows that the number of unique wallets holding at least 1 BTC is once again on an upward trend. This trend suggests that despite recent market volatility, investor interest in BTC remains strong, with more people starting to hold BTC. This phenomenon could be related to the recent rebound in BTC price and the market's optimistic outlook on the future of BTC.

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Analysis

The latest on-chain data shows that the number of unique wallets holding at least 1 BTC is once again on an upward trend. This trend suggests that despite recent market volatility, the number of long-term Bitcoin holders is increasing. This phenomenon may be linked to a number of factors, such as continued institutional investor interest in Bitcoin, its attractiveness as a safe-haven asset, and a growing number of individual investors starting to include Bitcoin in their investment portfolios. This trend also indicates that Bitcoin adoption is steadily increasing, and more individuals may join the Bitcoin ecosystem in the future.

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Classic Views

The number of independent wallets holding at least 1 BTC is increasing

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BTC is experiencing a new distribution period

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The number of BTC holders is increasing

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BTC may be entering a new bull market cycle

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