The total number of Bitcoin wallets holding at least 100 USD has experienced a 25% increase, climbing from 24 million to almost 30 million within just one year. This spike is seen as a positive signal indicating renewed market enthusiasm.
The growth in wallets coincides with rising institutional interest, particularly from firms like BlackRock. Their Bitcoin ETF has significantly contributed to the surge, with over 1.25 million BTC held by ETFs at the close of 2024.
Market sentiment remains optimistic, with 86% of Bitcoin addresses in profit. Moreover, Bitcoin’s hashrate has reached an unprecedented 800 EH/s, showcasing strong miner engagement and network security.