OP, I need to ask about your methodology. From everything I’ve learned, you cannot use blockchain analysis to see *wallets*, but only to see *addresses*. Is that accurate? So, if the following transactions were the only ones which had ever occurred on the Bitcoin blockchain, then what would your analysis above, say?
2.11 BTC rewarded as only ever mining reward via receive address E ==> wallet Q.
Transaction from wallet Q, of 0.51 BTC to receive address A ==> wallet X.
Transaction from wallet Q, of 0.5 BTC to receive address B ==> wallet X.
Transaction from wallet Q, of 1.1 BTC to receive address C ==> wallet Y.
Transaction from wallet Y, of 0.2 BTC to receive address D ==> wallet Z.
Now, those are the only transactions ever to have happened (say it’s January 3, 2009). Now, how many *addresses* (not wallets, right?) would your analysis above show with > 1 BTC in them?
0, 1, 2 or 3? And which ones are they.