Insights from Glassnode reportedly revealed that 913,000 new Bitcoin addresses were included from November to the beginning of December 2021, which could be positive signals for 2022 bullish trends. 

Specifically, on-chain analyst On-Chain College, in a boon for Bitcoin, reportedly disclosed insights focusing on retail adoption and the potential starts of a widened scope in adoption trends. The primary conclusion to the 2021 business year is that a maximum of 1 million new entrants have become members of the Bitcoin network in November.

Regardless of a bearish pattern in terms of short-term price action, the macro perspective for Bitcoin is to have a consistent, healthy movement. 

Per On-Chain College data, from June 2020 to the last month of 2021, the number of wallet addresses with a balance bigger than zero has reportedly experienced a significant surge, climbing from 30 million wallets to reach a desirable figure of 40 million.

Glassnode describes the non-zero balance metric as the number of unique addresses holding a positive (non-zero) amount of coins. The number will move in an upward trend means that more and more users are becoming members of the Bitcoin network. 

When the trend moves in the complete opposite direction, users are selling out their bags to reach zero. By inference, wallet addresses’ fall is a downward price action indicator.

Thanksgiving, festive celebrations, and Omicron fears in November and December could reportedly be the potential driving forces that fueled investors’ decision to research Bitcoin more and potentially invest. 

Insights from December reports support the theory, as the balance changes for wallets holding 1 BTC or lower – usually indicates small-scale investors — achieved the highest figure since March of 2020.