Summary
- "The number of active Bitcoin addresses has reached a daily maximum since December 2024," the report stated.
- "Surges in on-chain activity often coincide with market peaks or bottoms," they revealed.
- "This increase in BTC on-chain activity suggests that the market is facing a significant turning point," they reported.
Cryptocurrency market data platform IntotheBlock reported on the 28th (local time) via X (formerly Twitter) that "the number of active Bitcoin (BTC) addresses has reached a daily maximum since December 2024," adding that "surges in on-chain activity have often coincided with market peaks or bottoms."
The platform further added, "This increase in BTC on-chain activity suggests that the market is facing a significant turning point."
Meanwhile, as of 03:04 on the 1st, BTC is trading at $83,658.42 on the Binance Tether (USDT) market, down 1.28% compared to the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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