{"id":43582,"date":"2021-06-01T18:43:57","date_gmt":"2021-06-01T15:43:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43582"},"modified":"2025-08-31T13:03:52","modified_gmt":"2025-08-31T10:03:52","slug":"active-bitcoin-addresses-fall-to-a-six-month-low","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/active-bitcoin-addresses-fall-to-a-six-month-low\/","title":{"rendered":"Active Bitcoin addresses fall to a six-month low"},"content":{"rendered":"<p><a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-falls-below-35000\">Events in May 2021<\/a> led to a reduction in Bitcoin&#8217;s on-chain activity. The seven-day moving average of active addresses fell to its lowest since November 2020, according to Arcane Research.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Read more about this in our weekly market report: <a href=\"https:\/\/t.co\/Gtvuz65c6c\">https:\/\/t.co\/Gtvuz65c6c<\/a><\/p>\n<p>\u2014 Arcane Research (@ArcaneResearch) <a href=\"https:\/\/twitter.com\/ArcaneResearch\/status\/1399710631952097281?ref_src=twsrc%5Etfw\">June 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The metric&#8217;s peak occurred in January this year, with the May high (1.235 million) nearly reaching it.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"692\" height=\"505\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-463.png\" alt=\"Dynamics of the seven-day moving average of active Bitcoin addresses and the price of the leading cryptocurrency\" class=\"wp-image-137408\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-463.png 692w, https:\/\/u1f987.com\/wp-content\/uploads\/1-463-300x219.png 300w\" sizes=\"auto, (max-width: 692px) 100vw, 692px\" \/><figcaption>Dynamics of the seven-day moving average of active Bitcoin addresses and the price of the leading cryptocurrency. Data: Arcane Research.<\/figcaption><\/figure>\n<\/div>\n<p>Analysts noted that, historically, a decline in the metric has correlated well with a drop in Bitcoin&#8217;s price. They suggested that further negative momentum in the metric could signal the formation of a price peak for digital gold in April this year.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;However, there have previously been episodes of sharp recoveries in both metrics. For this reason, only time will tell how events will unfold this time,&#8221;<\/em> they added.<\/p>\n<\/blockquote>\n<p>Fees on the Bitcoin and Ethereum networks <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-and-ethereum-network-fees-fall-to-january-levels\">fell<\/a> to January levels.<\/p>\n<p>For more on the correction of the leading cryptocurrency, read <a href=\"https:\/\/u1f987.com\/en\/news\/only-twice-was-it-worse-bitcoin-fell-34-5-in-may\">ForkLog article<\/a>.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Events in May 2021 led to a reduction in Bitcoin&#8217;s on-chain activity. The seven-day moving average of active addresses fell to its lowest since November 2020, according to Arcane Research.<\/p>\n","protected":false},"author":1,"featured_media":43583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1874,18,1145],"class_list":["post-43582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-arcane-research","tag-bitcoin","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43582"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43582\/revisions"}],"predecessor-version":[{"id":43584,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43582\/revisions\/43584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43583"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}