BTC Market Entrants & Exits
How many wallets hold Bitcoin, and whether that crowd grew or shrank each day. Green means more wallets held coin at the end of the day than at the start — people arriving. Red means the opposite — wallets emptied out.
Our own copy of the Bitcoin blockchain counts, for each day, how many addresses HOLD coin at that moment: an address is in the count while its balance is above zero and drops out the moment it is emptied to exactly zero. Adding the six wallet-size groups together gives the size of the crowd holding Bitcoin. The bars show how that count changed from one day to the next.
A green bar of +40,000 means 40,000 more wallets held coin at the end of that day than the day before — more wallets were funded than were emptied. A red bar of −30,000 means the opposite.
In calm markets the daily change is usually a few thousand either way. Long green stretches while the price rises are money spreading into more wallets; heavy red bars while it falls are wallets being emptied out rather than trimmed.
In words: add the six wallet-size groups (under 1 coin, 1–10, 10–100, 100–1,000, 1,000–10,000, 10,000 and up) to get all wallets holding coin that day, then subtract the day before. The line is the 7-day average of those daily changes, so one noisy day cannot look like a trend.
This is the NET of two flows. A day where 40,000 wallets were funded and 45,000 emptied shows as −5,000 — you cannot see the two sides separately here, only the difference.
It counts WALLETS, never people: one person can own many wallets, and an exchange wallet holds the coins of many people. It is also not a first-time count — an old wallet that was emptied and is funded again re-enters the count, exactly like a brand-new one, because the blockchain does not say which is which. Days where our index did not report every wallet-size group are left out rather than guessed, and the 7-day average never averages across such a gap.
Our own Bitcoin node and UTXO index, from the first block in 2009 to today.
Our own node · full history since 2009