{"id":36830,"date":"2025-05-09T09:14:29","date_gmt":"2025-05-09T09:14:29","guid":{"rendered":"https:\/\/coincentral.com\/?p=36830"},"modified":"2025-05-09T09:14:29","modified_gmt":"2025-05-09T09:14:29","slug":"bitcoin-blasts-past-104k-as-344k-wallets-suddenly-join-the-network","status":"publish","type":"post","link":"https:\/\/coincentral.com\/bitcoin-blasts-past-104k-as-344k-wallets-suddenly-join-the-network\/","title":{"rendered":"Bitcoin Blasts Past $104K as 344K Wallets Suddenly Join the Network"},"content":{"rendered":"<h2>TLDR<\/h2>\n<ul>\n<li>Bitcoin added over 344,000 new wallets on May 8, marking the highest single-day growth in 2025.<\/li>\n<li>The price of Bitcoin surged from under $94,000 to over $104,000 between May 6 and May 9.<\/li>\n<li>On-chain activity increased as new addresses rose 8.13% and active addresses grew 8.79% in a week.<\/li>\n<li>Over $343 million in derivatives positions were liquidated in 24 hours, with the majority coming from short positions.<\/li>\n<li>Bitcoin\u2019s market capitalization reached $2.040 trillion, briefly surpassing Amazon in global asset rankings.<\/li>\n<\/ul>\n<p>Bitcoin (BTC) price surged sharply between May 6 and May 9, 2025, crossing $104,000 after consolidating earlier this month. <a href=\"https:\/\/coincentral.com\/why-is-bitcoin-up-today-btc-smashes-through-100k-ceiling-as-bears-face-400m-wipeout\/\">Bitcoin<\/a> added over 344,000 new wallets daily during this period, indicating increased retail activity. Market data confirms that on-chain growth and derivatives activity fueled this breakout.<\/p>\n<h2>Bitcoin Hits $104K Amid Wallet Boom<\/h2>\n<p>Bitcoin registered 344,620 new wallets on May 8, the highest daily growth for 2025 so far. This figure surpassed April&#8217;s previous peak, reflecting increased user activity during price acceleration. Wallet creation began rising steadily on May 4 as Bitcoin rebounded from the sub-$94,000 range.<\/p>\n<p>Before the current price recovery started, daily wallet creation numbers dropped below 272,000. Since then, metrics have continued rising, marking sustained interest in the asset. The latest surge aligned directly with Bitcoin\u2019s move through the $103,000 threshold.<\/p>\n<p>New wallets usually point to broader retail participation, especially during bullish momentum. <a href=\"https:\/\/blockonomi.com\/bitcoin-btc-price-rises-2-6-to-98933-as-trump-teases-uk-trade-agreement\/\">BTC<\/a> maintained its upward trajectory as inactive users began re-engaging with the network. This trend highlights a growing wave of new participants funding wallets amid the price climb.<\/p>\n<h2>On-Chain Data Confirms Widening Activity<\/h2>\n<p>According to data from<a href=\"https:\/\/x.com\/santimentfeed\/status\/1920677308924297638\"> Santiment<\/a> and other platforms, Bitcoin\u2019s network showed clear signs of rising engagement across multiple metrics. New addresses increased by 8.13% over the past week, while active addresses jumped 8.79%. Additionally, zero balance addresses became active and surged by 11.35%.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8 Bitcoin&#39;s network saw 344,620 new wallets be created on its network as FOMO poured in. Crypto&#39;s top market cap asset has silenced bears, reaching a high of $103.8K for the first time since January. \ud83d\udc40 <a href=\"https:\/\/t.co\/hai245lQJz\">pic.twitter.com\/hai245lQJz<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1920677308924297638?ref_src=twsrc%5Etfw\">May 9, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>These figures indicate that Bitcoin&#8217;s recent growth has not been limited to price action alone. User activity on-chain has expanded, suggesting fresh capital entering the ecosystem. The rally created favorable conditions that drew inactive participants back into circulation.<\/p>\n<figure id=\"attachment_36833\" aria-describedby=\"caption-attachment-36833\" style=\"width: 1536px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-36833 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Daily-Active-Addresses-IntoTheBlock.png\" alt=\"Bitcoin Daily Active Addresses | IntoTheBlock\" width=\"1536\" height=\"671\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Daily-Active-Addresses-IntoTheBlock.png 1536w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Daily-Active-Addresses-IntoTheBlock-300x131.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Daily-Active-Addresses-IntoTheBlock-1200x524.png 1200w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Daily-Active-Addresses-IntoTheBlock-131x57.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Daily-Active-Addresses-IntoTheBlock-768x336.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Daily-Active-Addresses-IntoTheBlock-50x22.png 50w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Daily-Active-Addresses-IntoTheBlock-150x66.png 150w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Daily-Active-Addresses-IntoTheBlock-450x197.png 450w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/><figcaption id=\"caption-attachment-36833\" class=\"wp-caption-text\">Bitcoin Daily Active Addresses | IntoTheBlock<\/figcaption><\/figure>\n<p>Bitcoin\u2019s network strength has historically correlated with broader market expansion during periods of price momentum. With new and reactivated users contributing, the growth pattern remains consistent. Such activity supports the argument for a durable retail-driven rally.<\/p>\n<h2>Derivatives Market Faces Heavy Short Liquidations<\/h2>\n<p>Bitcoin\u2019s price rally triggered significant short liquidations across derivatives markets, reinforcing the strength of upward pressure. Over $343.99 million in positions were liquidated within 24 hours, with $320.96 million from short positions. Long positions accounted for $23.04 million in liquidations.<\/p>\n<p>Within 12 hours, $184.90 million of shorts were closed, signaling a classic short squeeze scenario. Traders betting against Bitcoin were forced to buy back, further amplifying the price move. This market reaction underlined the sudden and forceful price shift.<\/p>\n<p>As Bitcoin moved past $104,000, market cap comparisons revealed it surpassed Amazon, reaching $2.040 trillion.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin has overtaken Amazon\u2019s market cap <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> is now the 5th most valuable asset on the planet <br \/>What\u2019s next?<a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/t.co\/8KTJ7pEBkA\">pic.twitter.com\/8KTJ7pEBkA<\/a><\/p>\n<p>&mdash; SoSoValue (@SoSoValueCrypto) <a href=\"https:\/\/twitter.com\/SoSoValueCrypto\/status\/1920664519321547136?ref_src=twsrc%5Etfw\">May 9, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitcoin ranks fifth globally by asset value, following <a href=\"https:\/\/moneycheck.com\/cathie-woods-ark-invest-dumps-39-million-in-palantir-while-loading-up-on-nvidia-and-amd\/\">NVIDIA<\/a>, Apple, Microsoft, and Gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR Bitcoin added over 344,000 new wallets on May 8, marking the highest single-day growth in 2025. The price of Bitcoin surged from under $94,000 to over $104,000 between May 6 and May 9. On-chain activity increased as new addresses rose 8.13% and active addresses grew 8.79% in a week. Over $343 million in derivatives<\/p>\n","protected":false},"author":9008,"featured_media":32537,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":37,"footnotes":""},"categories":[28151],"tags":[5741,28557],"class_list":{"0":"post-36830","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-btc-price"},"wppr_data":{"cwp_meta_box_check":"No"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Blasts Past $104K as 344K Wallets Suddenly Join the Network - CoinCentral<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) price hits $104K as over 344K new wallets emerge in a day, marking the strongest retail surge of 2025.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coincentral.com\/bitcoin-blasts-past-104k-as-344k-wallets-suddenly-join-the-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Blasts Past $104K as 344K Wallets Suddenly Join the Network - 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