$BTC ✨ This chart highlights the fascinating correlation between the price of Bitcoin (BTC) 📈, represented by the black line, and the number of active addresses 🟠, over a time scale. Here’s a detailed analysis

🔗 1. Relationship between price and active addresses:

📊 A general trend shows that an increase in the number of active addresses often correlates with an increase in the price of Bitcoin. This reflects increased activity and broader adoption of the Bitcoin network.

🌟 Key moments:

2017: A dramatic increase in active addresses accompanied the first major bull run. 🚀

2021: A similar explosion is observed when Bitcoin reaches its all-time high (~$65,000). 🏔️

2025: The number of addresses remains high, reflecting continued adoption. 💪

📬 2. Active addresses:

📈 Since 2010, the number of active addresses has followed a general upward trend, despite fluctuations due to market cycles:

📌 Examples:

2017: High activity during the bull run, followed by a drop during the bear market. ⚠️

2021: Same pattern, with a peak at the height of investor euphoria. 🎢

👉 Today (2025), active addresses seem to have stabilized at a high level, a sign of sustained interest and sustainable adoption. 🛠️

💰 3. Current price (2025):

💎 With a current price close to $94,000 (at its all-time high 🔝), activity on the network remains intense.

📈 This shows a growing demand, supported by institutional and individual adoption. 🏦👥

🌍 4. Long-term interpretation:

🌟 The increasing number of active addresses reflects a global and progressive adoption of the Bitcoin network over the years.

⚡ The variations in activity and price show the importance of interest and adoption cycles in the cryptocurrency ecosystem.

💡 Bitcoin: The network that shapes the future! 🌐

source: glassnode