Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction.
Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, a level not seen since Dec. 16, 2024, when Bitcoin (BTC) traded for around $105,000, Glassnode data shows.
Bitcoin number of active addresses. Source: Glassnode
The surge in active addresses may signal a “capitulation moment” for the crypto market,
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