Analysis: Bitcoin active addresses are down from the 2024 year December peak 43%, while transfer volume has declined only slightly
BIBIBI
AT A GLANCE
The analyst stated that Bitcoin active addresses are down from the 2024 year December peak by 43%, while average daily transfer volume during the same period declined by only approximately 5.4%。
Article
Analysis: Bitcoin active addresses are down from the 2024 year December peak 43%, while transfer volume has declined only slightly
BlockBeats reports that November 2, analyst Axel Adler Jr. stated that, as of November 1, Bitcoin active addresses had a 30-day average of approximately 629000, down from the 2024 December local peak of approximately 1100000 by 43%, with a further decline of 1 over the past 1%weeks; the current level is approximately 702000 below the annual average. In 10%。2018, this metric fell from approximately 1100000 to approximately 547000, a decline of approximately 50%, over approximately 3 months. The current pullback from the peak has lasted nearly 2 year, with a similar magnitude but a slower contraction.
During the same period, since December 10, 2024, the 30-day average daily transfer volume fell from approximately 865000 BTC to approximately 819000, a decline of only approximately 5.4%, and remains approximately 776000, or approximately 5.5%, above the annual average. The analysis finds that although address activity has declined markedly, the scale of BTC transferred on-chain remains comparable to recent years' levels. Both indicators have declined over the past 1 weeks, with no signs of a sustained recovery yet.
Original link:https://m.theblockbeats.info/flash/375004
Key points
01
Axel Adler Jr. stated that, as of November 1, Bitcoin active addresses had a 30-day average of approximately 629000。
02
Bitcoin active addresses'30-day average fell by approximately 2024 from the December local peak in 1100000, with a further decline of 43%over the past 1 weeks. 1%。
03
The current 30-day average of active addresses is approximately 702000 below the annual average. 10%。
04
2018 In 1100000, this metric fell from approximately 547000 to approximately 50%, a decline of approximately 3, over approximately months.
05
Since December 10, 2024, daily transfer volume's 30-day average fell from approximately 865000 BTC to approximately 819000, a decline of approximately 5.4%。
06
Daily transfer volume's 30-day average remains approximately 776000, or approximately, above the annual average. 5.5%。
07
The original analysis stated that both indicators have declined over the past 1 weeks, with no signs of a sustained recovery yet.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Active addresses can be understood as the number of addresses with on-chain activity during a period; their decline indicates that fewer addresses are participating in activity. Meanwhile, the total scale of BTC transfers has declined only slightly and remains above the annual average, indicating that the number of addresses and transfer scale have not contracted sharply in tandem.
Why it matters to readers
These data show a divergence between weak on-chain participation and relatively stable transfer scale; therefore, Bitcoin demand or price direction cannot be assessed solely based on the decline in active addresses.
Beginners can monitor both active addresses and transfer volume: the former reflects the number of participating addresses, while the latter reflects the scale of on-chain transfers; a single indicator is insufficient for a complete assessment.
Risks and unknowns
The evidence does not include the underlying on-chain data, so the relevant figures and statistical methodology cannot be independently verified.
The “November 1”“November 2” in the text does not specify a year.
Active addresses may not be equivalent to unique users, and the evidence does not explain the address-counting methodology.
The evidence does not establish a causal relationship between changes in these indicators and BTC price or demand.
Whether a sustained recovery will occur remains unknown.
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Related concepts
Active addresses
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