The number of active Bitcoin users' addresses has falln to its lowest level since April 2020
With the decline in the price of Bitcoin and the frustration of some investors of this cryptocurrency from setting new records, the number of active bitcoin users' addresses has fallen to its lowest level since April 2020, which is a serious alarm for this popular cryptocurrency. With a large proportion of new investors leaving the market after recent falls, the share of whales (large holders) of total Bitcoins has now reached new historical records.
How to display active bitcoin address correctly? The decrease in trading volume was clearly due to FuD and they moved into the hoard, hold phase. This does not mean bitcoin is on the decline, it has extended a bullish structure for almost a month so far. Even more optimistic when above $50k i guess. Relying on addresses is completely baseless.