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Bitcoin wallets dip slightly while Telegram wallets surge, but impact on crypto prices remains minimal.

Technical Signals
10 Nov 2026, 17:20 WIB
Bitcoin
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Neutral
Bitcoin wallets dip slightly while Telegram wallets surge, but impact on crypto prices remains minimal.

The number of nonempty Bitcoin wallets has slightly decreased by less than 0.2% since mid-October, a minor change that some analysts see as a potential bullish sign amid retail investor consolidation. Meanwhile, Telegram reported creating nearly 930,000 new Money wallets in 48 hours, but only about 6% of these wallets hold any balance, limiting their immediate impact. Despite the wallet growth, Bitcoin and Telegram's Gram token prices have fallen 11% and 25% respectively over the past month, indicating that wallet numbers alone do not strongly influence market prices. The wallet trends highlight ongoing user engagement but do not yet signal a major shift in crypto market dynamics.

Bitcoin maintains a substantial market cap of Rp26.994,25 trillion on Pluang as of Nov 10, 2026, 22:32 WIB, despite a slight 1.47% dip in price over the past day. Gram tokens hold a much smaller market cap of Rp56,69 trillion but saw a notable 5.20% price increase in the same period. Pluang data shows strong buy interest in both assets, with 77% of Bitcoin orders and 70% of Gram orders favoring buys, underscoring ongoing investor engagement even as wallet numbers fluctuate.

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