Rising Bitcoin activity hints at market bottom, potential reversal
Bitcoin’s growing active addresses may signal an incoming turning point for the crypto market after the latest correction.
Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction.
Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, a level not seen since Dec. 16, 2024, when Bitcoin (BTC) traded for around $105,000, Glassnode data shows.
Bitcoin number of active addresses. Source: Glassnode
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