Bitcoin (BTC) Hashrate Surpasses 800 EH/s, Security Reached Its Peak, Promises From Binance

Binance provided data showing that Bitcoin wallet addresses holding at least $100 reached almost their highest levels while experiencing a 25% total annual increase.

Bitcoin (BTC) price movements throughout 2024 were closely linked to its network participation and hash rate, both of which achieved new milestones during the year. These developments, combined with the approval of spot Bitcoin exchange-traded funds (ETFs), contributed to the cryptocurrency's rally to prices above $100,000.

As reported by Binance, Bitcoin wallet addresses holding at least $100 reached almost their highest levels in early 2025, showing a 25% total annual increase. According to the blog post, new market participants are driving this trend, which indicates increased Bitcoin adoption and better market sentiment.

Throughout Bitcoin's price movements, wallet activity tends to expand markedly, leading to notable price increases in 2017 and again in 2021. In mid-2024, as Bitcoin reached prices above $100000, it also collected increased participation from retail investors alongside institutions.

This market growth was predominantly driven by the approval of spot Bitcoin ETFs through BlackRock's iShares Bitcoin Trust (NYSE:IBIT). Spot Bitcoin ETFs controlled 1.25 million BTC (worth more than $50 billion in assets) by the end of 2024 as managed by IBIT.

Bitcoin Hashrate Surpasses 800 EH/s, Security Reaches Peak

Bitcoin achieved its highest level of security accomplishment in January 2025, when the network hash rate exceeded 800 exahashes per second (EH/s), a third (33%) increase from 600 EH/s in 2024. During this period, the Bitcoin network received its most powerful computing infrastructure ever recorded.

According to Binance, current estimates show that Bitcoin's network performance exceeds the combined computational power of leading cloud services providers Amazon (NASDAQ:AMZN) AWS, Google (NASDAQ:GOOG) Cloud, and Microsoft (NASDAQ:MSFT) Azure.

Bitcoin's hashrate is a fundamental measure for network security because it indicates the computational power needed to keep blockchain transactions and secure the platform operations. Strong network security and optimistic Bitcoin predictions result from elevating the hashrate.

The enthusiasm among Bitcoin investors matches the asset appreciation because CryptoQuant shows that 86% of the Bitcoin supply currently has positive value. As monthly accumulation activities grow, Accumulator addresses consume 495,000 BTC at a historic peak.

According to Ki Young Ju of CryptoQuant, the Bitcoin holder market displayed two patterns. Through his X (formerly Twitter) account, the CEO of CryptoQuant reported that Bitcoin retail investors holding less than 1 BTC engaged in selling actions, but investors holding one or more bitcoins maintained their buying patterns.

#Bitcoin retail investors with <1 BTC are selling, while the others with ≥1 BTC are buying. pic.twitter.com/MP2OEL7OLt

— Ki Young Ju (@ki_young_ju) January 26, 2025

Premature Bitcoin sales have been observed from investors with [under 1 BTC yet retail traders owning [at least] 1 BTC show purchasing tendencies,” reported Ju. Market indicators suggest the ongoing price increase may reach its peak soon. He reported that the current cycle had moved into its “early distribution phase” because retail participation was climbing while institutions showed persistent buying interest.