The number of Bitcoin (BTC) holding wallets is close to its all-time high, having exceeded 54.71 million. The number of (BTC) wallets is approaching a new record. According to data released by Santiment, the total number of wallets holding BTC with a non-zero balance has reached 54.71 million. This number is just 10,000 less than the all-time highest wallet count recorded on January 19, 2025, which was approximately 54.72 million.
The report shared by Santiment points out that the growth of the Bitcoin network and the splitting of large BTC wallets into smaller wallets are considered significant factors contributing to this increase. Furthermore, despite extreme volatility in Bitcoin's price over the past 8 weeks, the increase in wallet numbers is interpreted as a very positive development in the market.
Since Bitcoin's price reached a record high of $109,000 about 8 weeks ago, the market has been experiencing severe fluctuations. Nevertheless, the steady growth in the number of BTC users indicates a continued increase in confidence in the Bitcoin network. Santiment experts noted that particularly large investors diversifying their funds across different addresses have also contributed to the increase in user numbers.
According to Santiment data, the current number of Bitcoin wallets is close to its historical maximum, just under 10,000 wallets away. This situation is interpreted as a positive development for the market's future.
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