The number of new Bitcoin wallets with a balance over $100 and $1,000 has reached an all-time high, indicating an increase in small-scale ownership of BTC. This trend reflects a shift towards self-custodial wallets, despite the availability of other tools to own cryptocurrency. The increase in BTC ownership can be attributed to the resilience of the market, as well as the availability of more payment gateways. In 2024, BTC transactions reached a higher baseline, with a significant number of retail commercial activities using BTC and other cryptocurrencies. While whale activity increased, there was also a new wave of retail and professional buyers. However, the growth of addresses holding over 1,000 BTC stalled, suggesting that whales slowed down their purchases after Bitcoin peaked above $100,000. Overall, the increase in crypto ownership suggests that the market remains resilient and has overcome fears from previous crashes.



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