{"id":45575,"date":"2021-07-06T11:28:00","date_gmt":"2021-07-06T08:28:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45575"},"modified":"2025-09-01T11:51:26","modified_gmt":"2025-09-01T08:51:26","slug":"number-of-active-bitcoin-addresses-fell-in-june-by-9-38","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/number-of-active-bitcoin-addresses-fell-in-june-by-9-38\/","title":{"rendered":"Number of active Bitcoin addresses fell in June by 9.38%"},"content":{"rendered":"

Against a flat price action at relatively low levels, the number of active Bitcoin addresses in June fell by 9.38%. Yet some on-chain indicators offer positive signals.<\/p>\n

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The graph below shows the intensification of the correlation between the active-address count and Bitcoin price amid a market correction.<\/p>\n

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Dynamics of the number of active Bitcoin addresses. Data: Glassnode.<\/figcaption><\/figure>\n

The decline in on-chain activity also manifested in a drop in on-chain transactions to early-2016 levels.<\/p>\n

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Dynamics of daily Bitcoin network transactions. Data: Coin Metrics.<\/figcaption><\/figure>\n

Despite the correction and the evident decline in on-chain activity, the trajectory of coins held by long-term investors continues to show a pattern of accumulation.<\/p>\n

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Dynamics of Bitcoin supply held by long-term investors. Data: Glassnode.<\/figcaption><\/figure>\n

Analyst Micha\u00ebl van de Poppe notes that a similar situation occurred during deep declines in previous market cycles.<\/p>\n

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Long-term holder supply is accelerating heavily in the past weeks, as the data shows.<\/p>\n

A similar thing happened in the previous corrections, in which also 2013 had a heavy correction and long-term holders accumulated.<\/p>\n

A lesson in here if you want to invest in #Bitcoin<\/a>. pic.twitter.com\/yqlkHAIhP1<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) June 24, 2021<\/a><\/p><\/blockquote>\n