Thank you. I'm familiar with the fact that new addresses are generated each time but I thought they were all underneath a single umbrella address (same private key) and would therefore show as a single balance.

After my original post, I searched for the wallets that I received funds to and the sum of them all add up to what I expected.

Rookie question... When Glassnode says there's x number of wallets with at least 1 bitcoin, is that analytic only accounting for wallets that made a whole BTC transfer into them? Or is it grouping all wallets together that are underneath one seed phrase?