Bitcoin Addresses Hit Multi-Year Lows: What's Behind the Fall?
Bitcoin Addresses Hit Multi-Year Lows: What's Behind the Fall?
#MemeWatch2024 (BTC) network activity has shown a significant downward trend in the creation of new addresses and has reached its lowest level since 2018/7.
According to data from the IntoTheBlock platform, an average of just 7 new addresses were created in 276,000 days. This decline indicates a small number of new investors entering the #cryptocurrency sector.
The New Address indicator tracks the daily creation of new addresses on the #BTC network. If this indicator is high, it usually indicates an influx of new investors.
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