#BTC Looking at the 1-year change in the number of active addresses over 1 year, this is an abnormal cycle.

Since BTC reached its new ATH, the number of inactive addresses suggests a bearish market scenario compared to the previous two cycles.

However, when BTC reached 73K, the number of active addresses was very moderate, not showing a high concentration as in previous peaks.

However, when BTC reached 73K, the number of active addresses was very moderate, not showing a high concentration as in previous peaks.