📈 BTC Active Addresses Break Through 2021 ATH Level 📈
Active Addresses🔴 is a critical indicator that measures all addresses that send and receive BTC, giving us a glimpse into the active market demand for Bitcoin.
Earlier this year, there were concerns that the indicator was not showing enough growth. However, despite the concerns, Active Addresses continued to rise, surpassing the level of the 2021 cycle ATH🟢.
This pattern is similar to the flow from Low → Uptrend that was previously shown in the yellow area 🟨. It suggests that market demand is flowing in with the recovery phase.
Stay tuned to see if this trend continues and make informed decisions based on the available data.
