Bitcoin’s Bullish Turnaround: New Investor Influx Key To Sustained Growth

Since early 2024, Bitcoin and Ethereum have experienced a decline in active addresses, a crucial metric for gauging market sentiment.

For the bulls to regain control, an influx of new investors is essential.

Current Market Snapshot:

– Bitcoin active addresses: 1.17M (early 2024) → 855K
– Ethereum active addresses: 382K (early 2024) → 312K

Since early 2024, active Bitcoin and Ethereum addresses have been declining

“For the bulls to dominate the market, the influx of new investors is a crucial condition.

1. Bitcoin 1.17M -> 855K
2. Ethereum 382K -> 312K” – By @burak_kesmeci

Full post