Bitcoin ownership data offers valuable insights into how digital assets are distributed and managed across the network. This information is essential for traders and investors to understand market dynamics and make informed decisions. Let’s explore critical aspects of Bitcoin ownership, utilizing data from IXFI’s Coin Info Center.
Distribution of Bitcoin addresses by time held
Understanding how long Bitcoin has been held in various addresses provides a glimpse into the behavior and intentions of different types of holders. Bitcoin addresses can be categorized into three groups:
- Hodlers (1+ year): These addresses have held Bitcoin for over a year. Over the recent period, Hodlers increased by 0.29%, indicating a growing commitment to long-term holding.
- Cruisers (112 months): Addresses that have held Bitcoin between 1 and 12 months. There was a slight decline of 0.19% in this category, possibly due to some holders moving their assets or liquidating.
- Traders (<1 month): Short-term holders who have held Bitcoin for less than a month. This group saw a significant increase of 6.73%, suggesting a rise in short-term trading activity.
These trends highlight the varying strategies within the Bitcoin community, from long-term commitment to active trading.
Balance distribution by time held
Next, we look at how the Bitcoin balances are distributed among these categories. Interestingly, the majority of Bitcoin held is within the Hodlers category, with a 0.17% increase in balance over the recent period. On the other hand, Cruisers saw a decrease of 3.21% in their Bitcoin holdings, while Traders experienced a substantial 11.79% increase. This suggests that recent market movements have encouraged more active trading.
Holdings distribution matrix
The Holdings Distribution Matrix provides a comprehensive overview of how Bitcoin is spread across different addresses based on the amount held. Most notably, over 55.10% of all addresses hold between 0 and 0.001 BTC, a very small amount. However, a significant portion of the total Bitcoin supply is concentrated in a relatively small number of addresses with more extensive holdings:
22.12% of the coins are held in addresses with 10-100 BTC. The largest addresses, holding over 100k BTC, account for a mere 0.01% of the address count but have a substantial portion of the total supply.
This distribution highlights the concentration of wealth within the Bitcoin network and provides insights into potential market influences by large holders.
Conclusion
Bitcoin ownership data reveals essential trends in how assets are distributed and held across the network. Whether you’re a long-term holder, a cruiser, or an active trader, these insights are invaluable for making informed decisions. For more detailed analysis and data, visit IXFI’s Coin Info Center to explore these metrics and more for free.
