Binance provided data showing that Bitcoin wallet addresses holding at least $100 reached almost their highest levels while experiencing a 25% total annual increase. Wallet addresses holding at least $100 increased from 24 million in January 2024 to 30 million by early 2025.
According to Binance’s blog post, new market participants fuel this trend, demonstrating increased Bitcoin adoption and better market sentiment. Throughout Bitcoin’s price movements, wallet activity tends to expand markedly, leading to notable price increases in 2017 and again in 2021.
Bitcoin reached prices above $100000 in mid-2024 while collecting increased participation from retail investors alongside institutions. This market growth was predominantly driven by the approval of spot Bitcoin exchange-traded funds through BlackRock’s iShares Bitcoin Trust (IBIT). Spot Bitcoin ETFs established by the end of 2024 controlled 1.25 million BTC worth more than $50 billion in assets as managed by IBIT.
Bitcoin Hashrate Surpasses 800 EH/s, Security Reaches Peak
Bitcoin achieved its highest level of security accomplishment in January 2025, when the network hash rate exceeded 800 exahashes per second (EH/s), a third (33%) increase from 600 EH/s in 2024. During this period, the Bitcoin network received its most powerful computing infrastructure ever recorded.
According to Binance, current estimates show that Bitcoin’s network performance exceeds the combined computational power of leading cloud services providers Amazon AWS, Google Cloud, and Microsoft Azure.
Bitcoin’s hashrate is a fundamental measure for network security because it indicates the computational power needed to keep blockchain transactions and secure the platform operations. Strong network security and optimistic Bitcoin predictions result from elevating the hashrate.
The enthusiasm among Bitcoin investors matches the asset appreciation because CryptoQuant shows that 86% of the Bitcoin supply currently has positive value. As monthly accumulation activities grow, Accumulator addresses consume 495,000 BTC at a historic peak.
According to Ki Young Ju of CryptoQuant, the Bitcoin holder market displayed two patterns. Through his X (formerly Twitter) account,t the CEO of CryptoQuant reported that Bitcoin retail investors holding less than 1 BTC engaged in selling actions, but investors holding one or more bitcoins maintained their buying patterns.
#Bitcoin retail investors with <1 BTC are selling, while the others with ≥1 BTC are buying. pic.twitter.com/MP2OEL7OLt
— Ki Young Ju (@ki_young_ju) January 26, 2025
Premature Bitcoin sales have been observed from investors with [under 1 BTC yet retail traders owning [at least] 1 BTC show purchasing tendencies,” reported Ju. Market indicators suggest the ongoing price increase may reach its peak soon. He reported that the current cycle had moved into its “early distribution phase” because retail participation was climbing while institutions showed persistent buying interest.
The way value is assessed in the meme coin market is similar to that of the art market. Both markets legitimize intangible value through narrative.
If the very foundation of the meme coin market is considered a scam, then, by the same logic, the art market must also be viewed as… https://t.co/TAlmfGxByI
— Ki Young Ju (@ki_young_ju) January 26, 2025
Ju observed that distribution practices have changed during the current cycle. Traditional “large holder whales” and “long-term retail OGs” direct Bitcoin transfers to fresh retail participants and institutions that manage their Bitcoin through ETFs and stock holdings. He predicted that the retail-dominant distribution stage would begin sometime between 2025’s mid-year and its later period.
Bitcoin has solid fundamentals, indicating that its bullish trend will likely continue because of institutional backing and new market user growth. Recent economic indicators demonstrate hopeful yet controlled potential development patterns for the predominant digital currency.
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