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
