BTC ON-CHAIN METRICS: WHAT THEY SIGNAL 📊
• The 30-day moving average of Bitcoin transactions per day is currently at 250,000, indicating a moderate level of network activity.
• This metric has been steadily increasing since the start of the year, suggesting growing interest in the asset.
• However, the 30-day moving average of the number of active addresses is around 1.2 million, which is relatively low compared to previous cycles.
• This could indicate that while there is still interest in Bitcoin, it may not be as widespread as it was during previous market peaks.
Are you concerned about the current state of the Bitcoin network? 🤔
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#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
• The 30-day moving average of Bitcoin transactions per day is currently at 250,000, indicating a moderate level of network activity.
• This metric has been steadily increasing since the start of the year, suggesting growing interest in the asset.
• However, the 30-day moving average of the number of active addresses is around 1.2 million, which is relatively low compared to previous cycles.
• This could indicate that while there is still interest in Bitcoin, it may not be as widespread as it was during previous market peaks.
Are you concerned about the current state of the Bitcoin network? 🤔
👍 Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
