LATEST: Retail Bitcoin Addresses Surge to 352,124 High Since April

Retail investors in the Bitcoin market are showing renewed interest as recent data reveals a significant increase in new Bitcoin addresses. According to information sourced from Glassnode, the number of new addresses on the Bitcoin network has climbed to 352,124, the highest it has been since April 2024. This uptick could indicate a growing confidence among investors, coinciding with noticeable movements in the market.

The chart, highlighted in a X by @ali_charts, visually contrasts the recent surge in new addresses against Bitcoin’s price trends. Over the past few months, while Bitcoin prices have shown volatility, the number of new addresses has been steadily increasing. This divergence is often viewed by market analysts as a potential signal of upcoming price stabilization or increase, as more participants enter the market..

67.3K Reads