Welcome to the party! glassnode data shows that 913,000 new Bitcoin addresses were added from November to the start of December this year.
When it trends down, as visualized in the orange line on the graph from May to July this year,Bitcoin dominance falls under 40%Was this just an outlier fueled by excitement after recently hitting an all-time high? Was it the start of a broader trend?
It’s heartening to think that with thanksgiving, festive celebrations and Omicron fears in November and December, potential investors have more opportunities to research Bitcoin and potentially invest., as the balance changes for wallets holding 1 BTC or less — typically suggesting smallscale investors — reached their highest since March 2020.
However, there is a note of caution regarding the future of retail. William Clemente, oft-cited in Cointelegraph and a BTC analyst, a series of graphs with the message “retail interest in Bitcoin is pretty much gone since the Spring.”
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