- Bitcoin wallets with $100 or more grew 25% annually, reaching nearly 30 million by early 2025.
- BTC’s hashrate hit 800M TH/s, reflecting stronger network security and increased mining activity.
- 86% of Bitcoin holders are in profit, with large holders accumulating 495,000 BTC monthly.
According to on-chain data, a record number of Bitcoin wallets carrying funds worth $100 or more is approaching a historic high. The number of digital wallets managed by Binance showed a significant increase, according to Binance data, from January 24 million to early 2025 total of almost 30 million wallets. The data shows that Bitcoin’s popularity has grown by 25% annually, demonstrating that retail investors and institutions are more interested in Bitcoin.
Growth in Wallet Counts Reflects Market Optimism
Historical trends indicate spikes in wallet counts holding $100 or more often coincide with Bitcoin bull runs. Such surges were notable in late 2017, 2021, and mid-2024 when Bitcoin crossed the $100,000 milestone.
The recent rise in Bitcoin’s value corresponds to institutional investor interest that began after regulators authorized spot Bitcoin exchange-traded funds led by IBIT from BlackRock. Bitcoin ETF ownership reached 1.25 million BTC in late 2024 as IBIT achieved more than $50 billion in asset value.
Bitcoin Hashrate Reaches Record Highs
Similar to growth in Bitcoin wallets, the levels of Bitcoin mining have also seen new heights. According to Blockchain.com, observations depict Bitcoin’s total hashrate and market price over a one-year period.
On January 26, 2025, the hashrate reached 775,742,508.805 terahashes per second, while Bitcoin’s market price stood at $103,752.666. The hashrate consistently increased, surpassing 800 million terahashes per second at its peak, indicating growing network security.
Bitcoin’s price correlated with the hashrate, reflecting upward momentum during significant hashrate increases. Both metrics demonstrate strong miner activity and market confidence. The data emphasizes the network’s strengthening security and stability as it approached record highs in computing power and valuation within the observed timeframe.
Data from CryptoQuant shows that 86% of Bitcoin holders are currently in profit. Additionally, accumulator addresses, which consistently acquire Bitcoin without selling, are adding Bitcoin at a record monthly pace of 495,000 BTC.
CryptoQuant’s CEO, Ki Young Ju, noted contrasting behaviors among holders. While retail investors with less than 1 BTC are selling, larger holders with at least 1 BTC are increasing their positions.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
