Glassnode data shows that most publicly visible Bitcoin public keys are exposed because of address reuse. Once an address has been used in an outgoing transaction, its public key becomes visible, creating that exposure. Over the past year, the amount of BTC tied to address reuse increased from 3.79 million to 4.33 million, according to the data. That now accounts for 21.5% of the circulating supply. Glassnode also noted that the exposure risk can be removed by moving those coins to a new address. The update was cited by PANews on Oct. 9 as a market information item and did not include investment advice.
Most BTC with publicly visible public keys are exposed because of address reuse, according to Glassnode data. Once those addresses have been used in outgoing transactions, their public keys become public.
That share has continued to grow. Over the past year, the amount of BTC involving address reuse rose from 3.79 million to 4.33 million, now representing 21.5% of the circulating supply.
Glassnode said the exposure risk can be removed by transferring those coins to a new address.
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