Dec 7th 2021
Active Bitcoin addresses reach 1 million
Sleeping bitcoin holders seem to have been woken up by the weekend volatility, as we saw a significant increase in the number of active addresses. The number of active addresses is now more than 1 million and sits at a seven-month high.
Source: CoinMetrics
Last time we saw such a high level of active addresses was in May when bitcoin crashed. At that time, the number of active addresses surpassed 1.2 million.
As the markets calmed down at the beginning of the summer, bitcoin holders fell asleep with the number of active addresses bottoming out at the beginning of July at less than 750,000.