Addresses Holding >1 BTC
Count of unique addresses holding more than 1 BTC (whole-coiners). A direct measure of Bitcoin adoption - tracks how many entities have accumulated at least one full Bitcoin.
What is it?
This metric counts the total number of Bitcoin addresses with a balance of 1 BTC or more. These holders, nicknamed 'whole-coiners', represent participants who have accumulated at least one full bitcoin. This threshold is both symbolically and economically significant: with a maximum supply of 21 million BTC, there will never be enough bitcoins for every millionaire in the world to own one. Growth in this counter reflects progressive adoption by committed investors, whether retail or institutional.
How to read
The curve follows logarithmic growth since 2010, with visible accelerations during accumulation phases (bear markets) and plateaus at cycle peaks (distribution). A rising whole-coiner count is a structural bullish indicator: more entities accumulate despite rising prices. Temporary dips occur when holders split holdings across multiple addresses or sell.
Key zones
The counter progresses structurally at an annual rate of 5-10%. Crossing the one-million-address mark would be a major psychological adoption milestone. Drops of more than 1-2% over a month mark significant distribution.
What to observe
Watch the medium-term trend (30d MA) rather than daily variations. A divergence between rising price and falling count marks disguised distribution. Conversely, a rising count despite falling price is a strong accumulation indication (smart money). Compare with >10 BTC and >100 BTC addresses to detect concentration.
Historical context
The whole-coiner count has grown almost uninterruptedly since Bitcoin's creation. The rare significant drops coincided with major capitulations (Mt. Gox crash 2014, 2018 bear, FTX collapse 2022). Each cycle leaves a higher floor, confirming the thesis of irreversible adoption by the long-term investor base.
Expert notes
Data comes from a full node Bitcoin that analyses the complete UTXO set daily. An address is not necessarily a unique entity: an exchange may control thousands of >1 BTC addresses, and an individual may spread holdings across multiple addresses. Entity-clustering heuristics improve interpretation but are not perfect. The historical range spans from a single address (genesis 2009) to several hundred thousand addresses in the post-ETF era - a structural growth pace of 5-10% per year.
Common mistakes to avoid
Equating '1 address = 1 person' is the most common mistake. Custodial exchanges hold millions of users' BTC in a few massive addresses, while a single individual may own dozens of >1 BTC addresses. This metric is an adoption proxy, not a user counter. Additionally, rising BTC price mechanically makes it harder to accumulate 1 full BTC, naturally slowing counter growth.
Programmatic access
REST API
curl -sS \
'https://api.trinityinsights.io/api/v1/onchain/addresses-1btc/history?days=90' \
-H 'X-API-Key: $TRINITY_API_KEY'MCP server
{
"tool": "get_chart_value",
"metric_id": "addresses-1btc",
"timeframe": "1y"
}Required tier: pro. See the pricing grid for the tier list and the MCP documentation for multi-client configuration.
Related metrics
Institutional disclaimer
Trinity Insights is an educational and analytical tool. The metric above does not constitute investment advice. Trinity Insights is not a Crypto-Asset Service Provider (CASP) registered under MiCA Regulation (EU) 2023/1114. See the full disclaimer.