According to Binance, the number of Bitcoin wallet addresses with a minimum of $100 has increased by 25% over the previous 12 months to about 30 million.
The overall number of Bitcoin wallets, at least $100, is close to reaching all-time highs, according to onchain data.
Binance reports that the number of wallet addresses with $100 or more increased by 25% year over year, from 24 million in January 2024 to about 30 million in 2025.
Binance Reports Influx Of Prospective Traders In The Market
Binance’s blog post states, “This trend reflects an influx of prospective traders into the market, indicating renewed interest and optimism for the cryptocurrency.”
Bull runs, like those in late 2017 and 2021, have typically seen increases in wallets containing $100 or more. A comparable spike was noted in the middle of 2024, fueled by Bitcoin’s achievement of the $100,000 mark.
An essential factor in institutional growth was the approval of spot Bitcoin ETFs, which BlackRock’s iShares Bitcoin Trust (IBIT) spearheaded. By the end of 2024, IBIT had more than $50 billion in assets, and ETF holdings had risen to 1.25 million BTC.
Bitcoin Hashrate Reaches Record Highs
With the hashrate hitting 800 exahashes per second (EH/s) in January 2025, up 33% from 600 EH/s in the previous year, the security of the Bitcoin network has reached previously unheard-of heights.
Its blog states, “Bitcoin’s hashrate has recently surpassed the combined processing power of tech giants like Amazon AWS, Google Cloud, and Microsoft Azure, which contribute less than 1% of Bitcoin’s total network capacity.”
The processing power required to handle and protect Bitcoin transactions is measured by hashrate. The network is more secure and complicated to attack with a greater hashrate. Vigorous miner activity and optimism about Bitcoin’s future are also evident.
According to CryptoQuant, 86% of Bitcoin in circulation is “in profit,” indicating that market sentiment is still robust. The number of accumulator addresses, or wallets that continuously purchase Bitcoin without selling has risen to a record 495,000 BTC monthly.
Young Ju claims that the Bitcoin bull market is nearing its end. According to him, the current cycle is in its “early distribution phase,” when institutional interest is still high and new retail investors are joining the market.
Ju described how Bitcoin is usually distributed, with significant holdings (whales) selling to individual investors.
He did observe a change in this cycle, though, with “OG retail investors and whales” moving Bitcoin to new retail players and institutional players who own “paper Bitcoin” through corporate stocks and exchange-traded funds (ETFs).
He anticipates that the last distribution stage, which individual investors control, won’t occur until the middle of the year or even into the following year.
