#Bitcoin Wallet Growth#

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Overview

Recent on-chain data shows that the number of unique wallets holding at least 1 Bitcoin has once again entered a growth trend. This trend suggests that despite recent market volatility, the number of Bitcoin holders is still increasing. This could be due to investors' confidence in Bitcoin's long-term value, as well as its growing appeal as a safe-haven asset.

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Analysis

Recently, on-chain analyst Ali shared Glassnode data on social media platform X, showing that the number of unique wallets holding at least 1 BTC is once again on an upward trend. This data indicates that the number of Bitcoin holders is increasing after a long period of distribution. This means more people are starting to hold Bitcoin, which could reflect growing investor confidence in the asset or an increase in its adoption rate. While the specific reason behind this trend remains unclear, it is undoubtedly a positive sign, suggesting that the future prospects for Bitcoin remain optimistic.

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Classic Views

The number of independent wallets holding at least 1 BTC is increasing, indicating rising Bitcoin adoption.

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The long-term distribution trend of Bitcoin is changing.

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This could be due to recent market fluctuations and increased investor interest.

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