Bitcoin wallets holding $100+ reach nearly 30 million
Bitcoin wallets holding $100+ reach nearly 30 million
The Bitcoin ecosystem is experiencing significant growth, with wallet activity, network security, and market sentiment reaching new milestones. These developments highlight increased retail and institutional interest in cryptocurrency as Bitcoin maintains its position as a leading digital asset.
Key Takeaways
- Bitcoin wallets holding at least $100 increased by 25% in a year, nearing 30 million addresses.
- Bitcoin's hashrate reached an all-time high of 800 EH/s, reflecting robust network security and miner confidence.
- 86% of Bitcoin holders are in profit, with accumulation hitting a record pace of 495,000 BTC monthly.
- Institutional interest drives growth, while smaller retail investors show signs of selling amid a late-stage bull market.
According to Binance, the number of Bitcoin wallet addresses holding at least $100 has surged by 25% year-over-year, climbing from 24 million in January 2024 to nearly 30 million in early 2025. This trend reflects renewed market optimism, drawing parallels to prior bull runs in 2017 and 2021.
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Driving this momentum was Bitcoin's mid-2024 rally past the $100,000 mark, coupled with the approval of spot Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust (IBIT). By the end of 2024, ETF holdings had doubled to 1.25 million BTC, with IBIT managing over $50 billion in assets.
Record-high hashrate strengthens network security
Bitcoin’s hashrate—the total computing power securing the network—has reached an all-time high, surpassing 800 exahashes per second (EH/s) in January 2025. This marks a 33% increase from the previous year. Binance noted that Bitcoin's network now outpaces the combined computing capacity of Amazon AWS, Google Cloud, and Microsoft Azure, contributing less than 1% of Bitcoin’s total hashrate.
Bitcoin’s hashrate. Source: BitInfo
A stronger hashrate indicates enhanced network security, increased miner activity, and sustained confidence in Bitcoin's future.
Data from CryptoQuant shows that 86% of Bitcoin holders are currently in profit. Monthly accumulation has reached a record pace of 495,000 BTC, primarily driven by institutional and large-scale investors. However, smaller retail investors are selling, suggesting the market may be entering a late-stage bull cycle.
CryptoQuant CEO Ki Young Ju predicts that the final distribution phase—marked by increased retail participation—could extend into mid-2025 or later, depending on market conditions and institutional dynamics.
Read also: Whales accumulate Bitcoin, driving BTC price growth
