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.
Recently BTC price has rallied again but after days of severe BTC price decline, it is true that some big investors got bored and left BTC at that time, but this is not a warning move yet. . about the futures price of BTC, because if the price of BTC in this 4th quarter goes up then the big whales will have some confidence and come back. According to what BTC price has bounced back to $48k today and year-end future maybe it will reach $60k