Bitcoin (BTC), the largest asset by market capitalization, has noted a decline in its active address count per data from Glassnode.
Bitcoin network’s active address count is down to its lowest level in 2,000 days. BTC whale transactions valued at $100,000 and $1 million and higher have declined gradually since March 5. Bitcoin holders have consistently taken profits since October 23, realizing losses on some occasions. Bitcoin , the largest asset by market capitalization, has noted a decline in its active address count per data from Glassnode.
Bitcoin: Number of Active Addresses Santiment data shows that whale transactions in two segments, valued at $100,000 and higher and $1 million and higher have consistently declined since March 5. The chart below shows a significant drop since March 2024. Bitcoin whale transaction count and BTC holders have consistently realized gains on their holdings since October 2023. Despite profit taking by holders, Bitcoin rallied to $71,000 on June 5.
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