Bitcoin has set a new historical record, that of the number of addresses with a positive balance.
This has been revealed by Glassnode’s special graph on the so-called Non-Zero Balance addresses, i.e. on which bitcoin are stored, even in small quantities.
In fact, for the first time since Bitcoin exists, on August 27th the 31 million addresses with a positive balance were exceeded, and currently, the level has remained the same.
In the middle of the speculative bubble between the end of 2017 and 2018, a first historical record had been reached, equal to a little more than 28 million addresses with a positive balance, but then this number dropped considerably.
Since then the lowest peaks were in March and July 2018, when the number of these addresses had dropped to 21 million.
However, it must be said that before the speculative bubble at the end of 2017, i.e. in August 2017 for example, this number was 18 million, so even after the bubble burst it has never fallen this low again.
Until March 2019, there were no more than 23 million addresses with a positive balance, but since then there has been almost constant growth.
At the end of April 2019, there were more than 24 million addresses, and at the end of May, there were also more than 25 million.
However, the peak of 28 million recorded in January 2018 had to wait until December 2019, when this number fell again.
The 29 million were only exceeded in February 2020, and strangely enough, this number did not fall significantly even during the collapse of the global financial markets in mid-March.
At that time the growth of Bitcoin addresses with a positive balance simply stopped, but without reversing the trend.
In fact, on April 30th, 2020 the 30 million threshold was exceeded for the first time, and on August 27th, 2020 the 31 million addresses containing BTC were also exceeded.
Bitcoin: addresses with positive balance vs. active addresses
The interesting thing is that no new records have yet been reached for the number of addresses active on a daily basis.
The record for the latter was reached in mid-December 2017, in the middle of the speculative bubble, when the million individual Bitcoin addresses active within 24 hours were exceeded twice.
Since then, this volume has been significantly reduced, first by half in the first months of 2018, and then back to well over 700,000 only by the end of July 2020.
So at this point in time, on the one hand, there have never before been more addresses containing BTC, while on the other, the new record number of daily active addresses has not yet been reached. Evidently, there are many addresses containing BTC that are not active.