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Data shows the number of active bitcoin addresses has dropped 47% from its April 15 peak

10 days ago   |   By Business Insider

Summary List Placement The number of active bitcoin addresses dropped 47% from its April 15 peak of 1.36 million to around 716,000 on Sunday, according to data from the blockchain analytics firm Glassnode .
The active bitcoin address count is a sign of market demand for on-chain transactions, value settlement, and the urgency for inclusion in an upcoming block on the blockchain. A falling bitcoin active address figure typically coincides with bear markets in the space.
In 2017, when bitcoin's price cratered from a high above $19,587 per coin on December 16 to below $6900 on February 5...
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