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Number of Bitcoin Addresses Smashes All-Time Highs As BTC Attempts Bull Market Recovery: Crypto Insights Firm Glassnode

Despite Bitcoin’s price correction this month, the number of addresses with a BTC balance has surged to an all-time high, according to the crypto insights firm Glassnode.


The number of Bitcoin addresses with a non-zero balance hit a new all-time high last week, Glassnode reports on Twitter.



“The number of Bitcoin addresses with a non-zero balance has reached a new all-time high of 38.76 million addresses. The previous high of 38.7 million was set seven months ago on April 23rd, taking 213 days to fully recover.”


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Source: Glassnode/Twitter

Glassnode also notes that the number of BTC addresses holding 0.01+ BTC skyrocketed to an all-time high of 9.33 million on Monday.


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Source: Glassnode/Twitter

Additionally, Glassnode says that the number of addresses holding 0.1+ BTC hit 3.28 million on Sunday, another all-time high.


Bitcoin is trading at $57,330.08 at time of writing, down over 16% from its all-time high of $69,044.77 that it posted earlier this month.


Due to BTC’s recent correction, the number of Bitcoin addresses that are underwater hit a one-month high of 5.62 million on Sunday, according to Glassnode.



???? #Bitcoin $BTC Number of Addresses in Loss (7d MA) just reached a 1-month high of 5,262,399.310


View metric:https://t.co/s2ciFMlDcX pic.twitter.com/WtBkXhEk6F


— glassnode alerts (@glassnodealerts) November 28, 2021



The analytics firm does note, however, that November’s overall price correction is actually the least severe pullback of 2021 in terms of a drawdown from BTC’s all-time high.


Bitcoin has traded down -21.8% off the all-time high (ATH) during this month’s correction.


“It may be a surprise that this correction is actually the least severe in 2021, measured in terms of drawdown from ATH.


Jan = -29.4%

Feb = -24.2%

Apr = -26.5%

May-July = -54%

Sept = -37.2%

Nov = -21.8%”


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Source: Glassnode/Twitter

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Featured Image: Shutterstock/80’s Child/Andy Chipus


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