2021 Bull Market and Peak

- During the 2021 bull market, the number of Bitcoin active addresses reached an impressive 1.36 million.

- This increase reflected the strong participation in the network and the increasing transaction volume, reflecting the increasing interest and investment in Bitcoin.

100-Day Average and Current Status

- Currently, as of February 6, 2024, the 100-day average of Bitcoin active addresses is around 1.08 million.

- This number is a slight decrease from the 2021 peak, but still significantly higher than the 2020 and 2019 averages.

February 6, 2024

- As of February 6, 2024, the number of Bitcoin active addresses was around 948 thousand.

- This could suggest a potential stabilization rather than a significant decline.

Different Perspectives and Opportunities

- It is important to avoid making judgments based on the number of active addresses.

- It is also necessary to consider other factors such as price movements, investor sentiment, and general market conditions.

Conclusion

- While the number of Bitcoin active addresses shows a slight deviation from the 2021 peak, it is important to evaluate it in a broader context.

- Given the historical highs, stable 100-day average, and potential growth factors, the future of Bitcoin network activity looks promising.