#Number of Bitcoin wallets is increasing.#

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Overview

According to on-chain analyst Ali's data, the number of unique wallets holding at least 1 Bitcoin is once again on an upward trend. This indicates that after a period of Bitcoin distribution, more and more people are starting to hold Bitcoin, which may signal a new growth in the Bitcoin market.

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Analysis

Recently, on-chain analyst Ali shared Glassnode data showing that the number of unique wallets holding at least one Bitcoin has resumed its upward trend after a period of stable distribution. This trend suggests that Bitcoin continues to attract more and more investors, despite recent market volatility. This may be related to the recent rebound in Bitcoin prices and the optimistic sentiment towards the cryptocurrency market as a whole. At the same time, it also reflects the growing awareness of Bitcoin's value as a decentralized, anti-inflationary digital asset. This trend may also be related to the continuous development and expansion of Bitcoin's network and application scenarios. For example, the popularization of the Bitcoin Lightning Network and the application of Bitcoin in the field of payments have provided new impetus for Bitcoin's widespread adoption.

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

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Bitcoin is undergoing a new distribution phase

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The number of Bitcoin holders is growing

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Bitcoin adoption may be rising

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