Bitcoin Addresses Growth and Metrics ‘Look Terrible’ – BTC Analyst

Bitcoin’s daily active addresses have halved since BTC’s most recent all-time high of $64,854 Bitcoin whales who sold at the top in mid-April are yet to start accumulating BTC New address growth on the Bitcoin network has dropped to levels last seen in early 2018 All these metrics negate what some traders and analysts have been posting about Bitcoin having bullish on-chain metrics Bitcoin analyst and Founder of Capriole Investments, Charles Edwards, has identified several concerning metrics with respect to BTC’s daily active addresses and the growth of new addresses…