Yonsei_dent
<BTC: Let's keep it simple. Has market demand increased?>
Active Addresses🔴 is a metric that includes all addresses sending and receiving BTC, providing a look at how active market demand is. The “price” of an asset is determined by the laws of supply and demand in the market. Crypto markets are no exception. For asset prices to rise, market interest and demand must be supported. 🟨 You can see that Active Addresses🔴(30DMA) increased both during the 2019 bull market turnaround and when coming out of the 2020 COVID-19 shock. I am concerned that this 2023 rally did not show any rise in Active Addresses🟥. Let's keep it simple. Has market demand increased?