address counting is meaningless
whenever fee's are low. people like to move their coins spread across many addresses into a more single pot of funds in 1 address.
EG
april 2021 had highest address count(>1m)...... and highest fee's(>0.001)
as the fees went down the address count went down
june 2021 addresses (<600k) fees (<0.00017)
Topic: The number of active Bitcoin users' addresses has falln to its lowest level - page 2. (Read 200 times)
August 19, 2021, 01:01:14 AM
August 18, 2021, 08:58:58 PM
I would assume this is because most people who bought Bitcoin because it was "going up" dont know how to use it or what it is for besides going "to the moon". I would imagine that most of these people are trapped and bagholding at this point because they bought in at the high and will just hold it. You wont see a spike in new addresses going live until we start breaking above 50k. If we dont push to a new ATH shortly after that I would imagine we see some increased selling as those who bought near those levels can get out.
August 18, 2021, 08:04:23 PM
It's really not clear if this is only the basis we will look since not decrease on Bitcoin users' addresses could always decrease in price too or people are intended to selling their Bitcoin, +1 to @BitMaxz, they could intend to hodl their Bitcoin instead of spending it.
And in addition, people are also afraid to buy these days.
And in addition, people are also afraid to buy these days.
August 18, 2021, 07:48:13 PM
If it is April 2020 then no you need to check the data or chart from the link below but if you talking about April 2021 then yes we see active users drop because most of the users only buy and hold.
- https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount
As you can see the active BTC address from April 2020 to April 2021 is rising but it doesn't mean that new investors are leaving on the market.
And the reason why we see active users increase is due to Bitcoin price popularity if the price of BTC keeps increasing the number of active bitcoin users also increases.
- https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount
As you can see the active BTC address from April 2020 to April 2021 is rising but it doesn't mean that new investors are leaving on the market.
And the reason why we see active users increase is due to Bitcoin price popularity if the price of BTC keeps increasing the number of active bitcoin users also increases.
August 18, 2021, 07:33:11 PM
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.
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.
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