The number of active Bitcoin addresses is showing positive investor participation. At the beginning of November, this index recorded a "golden cross", currently at 1M. Compared to the peak of 1.28M in 2017 and 1.36M in 2021, there is still potential for growth.

The number of transactions also remains high, double that of the 2021 cycle, indicating positive signs. Bitcoin ETFs are an important factor, helping to stabilize prices as new capital flows in, reducing selling pressure from investors taking profits.

If the number of active addresses and ETF holdings continue to rise, Bitcoin could continue its strong growth trend.