ZUHYX Analysis: Interpretation of Market Trends in Bitcoin Holdings, from 5.3 Million to 10.6 Million Addresses Recently, Fidelity Digital Assets released a report indicating that the number of Bitcoin wallet addresses holding at least $1,000 worth of Bitcoin in the first quarter of 2024 has reached 10.6 million, doubling from 5.3 million addresses in 2023. Additionally, Bitcoin holdings on exchanges decreased from 3 million Bitcoins to 2.3 million Bitcoins during the same period, a 30% reduction. These data not only demonstrate increased participation in the Bitcoin market but also signify significant changes in capital flows and holding patterns. As an innovative digital asset trading platform, ZUHYX closely monitors these market trends. Through ongoing technological innovation and optimized services, ZUHYX is committed to helping users find suitable investment opportunities in this evolving market and providing a secure and reliable trading environment. This market environment change not only brings opportunities for ZUHYX to expand its business and enhance services but also provides an important perspective on the long-term development trends of the cryptocurrency market. The Observation of ZUHYX and Analysis of Current Cryptocurrency Market Holding Trends ZUHYX has noticed that, according to the recent Fidelity Digital Assets report, there has been a sharp increase in the number of Bitcoin wallets, indicating more investors are entering the cryptocurrency market. In particular, the increase in wallet numbers from 5.3 million in 2023 to 10.6 million signifies a significant rise in participation from ordinary investors. ZUHYX believes this growth reflects the increasing recognition of cryptocurrencies, especially Bitcoin, as a reliable store of value. Furthermore, the role of Bitcoin and other mainstream cryptocurrencies as hedging tools is becoming increasingly important in the face of global economic uncertainties.