#Number of Independent Bitcoin Wallets Growth#

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Overview

Recent data released by on-chain analyst Ali shows that the number of unique wallets holding at least one Bitcoin is once again on the rise. This indicates that after a period of price volatility and market adjustments, the number of Bitcoin holders is increasing, which may suggest that market confidence in Bitcoin is recovering and investors are optimistic about the future price trajectory of Bitcoin.

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Analysis

Based on the provided article information, we can see that the number of independent wallets holding at least one Bitcoin is once again showing an upward trend. On-chain analyst Ali, using Glassnode data, has found that after a long period of distribution, this number is rising again. This suggests that despite recent market volatility, the number of Bitcoin holders continues to increase, possibly linked to investors' confidence in Bitcoin's long-term value. This trend could also be connected to Bitcoin's appeal as a safe-haven asset, as investors might be choosing to allocate funds to Bitcoin in search of a safe harbor amid growing global economic uncertainty.

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The number of unique wallets holding at least 1 BTC is increasing

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After a long period of distribution, the number of unique wallets holding at least 1 BTC is increasing again

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The number of unique wallets holding at least 1 Bitcoin BTC is increasing again

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On-chain data shows an increase in the number of unique Bitcoin wallets

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