BITCOIN NETWORK BREAKS 3-MONTH DOWN TREND.👇⏰

The $BTC Bitcoin network activity shows signs of recovery with 765,480 active addresses.

Bitcoin transaction fees hit all-time high of $195.

BTC reserves on exchanges are at their lowest level, indicating a possible bullish move.

Bitcoin (BTC) network activity was in a downtrend, as evidenced by the drop in the number of daily active addresses since March. However, a recovery in this metric suggests renewed interest in using Bitcoin, which could boost demand for BTC.

In particular, Ali Martinez, a well-known on-chain analyst, detected the downtrend break of daily active addresses on June 8 on Santiment.

Martinez highlighted the 765,480 Bitcoin addresses that were activated in the last 24 hours of his publication.

According to the analyst, this is a positive sign that suggests a continuation of the bull run. #Bitcoin #TopCoinsJune2024