Sending Entities
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Sending Entities measures how many distinct entities send BTC on-chain each day. Addresses inferred to share a controller are grouped before counting, and each sender contributes one to the daily count even if it makes multiple transfers.
How to read it
An increase points to a broader set of entities moving coins, rather than simply more transfers from the same senders. The series reached 228,904 on August 20, 2023, slightly above its 2021 high of 227,782, so elevated activity has occurred in different price environments. Falling readings indicate narrower sending participation.
Sending is not equivalent to selling: payments, custody transfers and wallet operations also move coins. Clustering errors, service wallets shared by many customers and off-chain exchange trading limit its use as a user count or a direct measure of market demand.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- Entities
- Type
- Single value
- Data since
- 2009-01-03
- Latest data
- 2026-10-27
- Data points
- 6,507
FAQ
Is Sending Entities the same as Bitcoin transaction count?
No. Transaction count measures transactions, whereas Sending Entities measures distinct identified senders. One entity making many transactions still counts once on that day.
Does a rise in Sending Entities show selling pressure?
It shows more entities are sending BTC, but does not identify why. Exchange inflows and transfer volume help establish whether those transfers are reaching trading venues.
When did Sending Entities reach its historical high?
The supplied history records 228,904 sending entities on August 20, 2023. That is a count of inferred entities active that day, not a count of transactions or confirmed individual users.
