As the value of Bitcoin approaches the $40,000 level, it has been observed that certain Bitcoin wallets have increased their assets, leading to significant discussions. In the past few weeks, there has been a notable increase in the number of accounts holding 1,000 or more Bitcoins. According to Glassnode’s graph, there is a steady accumulation trend that has reached its highest point in over a year. Currently, the number of these wallets has exceeded 8.5 million, and there is a chart trend that signals price increases.
In the Bitcoin network, fluctuations in the number of new addresses have been observed in recent weeks, but according to Glassnode’s data, there has been a significant increase in the last 24 hours. The number of new addresses, which was around 447,000, has risen to about 557,000. Although it is unclear which wallet categories these new addresses belong to, they reflect the network’s strong growth.
The expansion of new addresses and the increase in the number of wallets holding 1,000 or more Bitcoins could indicate significant growth in the Bitcoin network. Moreover, there has been a considerable increase in the total number of owners in recent weeks. According to Santiment’s graph, there has been an increase of over 100,000 owners since the beginning of the month.
As of December 1, the number of owners was approximately 50.9 million, and at the time of writing, it has surpassed 51 million. This increase in the total number of owners has led to a significant change in Social Dominance. According to the analysis of Santiment’s social dominance graph, there was an increase of about 32% in the last 24 hours.
Bitcoin has dominated approximately 32% of cryptocurrency discussions in the last 24 hours, with rising metrics indicating the emerging bullish trend. The analysis of the daily time frame graph provided additional information about the fundamental factors behind the positive trends. It has become apparent that there has been a notable bullish trend in the price of Bitcoin in the last few days.
