Bitcoin’s resilience at the $63,000 level has set a positive tone for the cryptocurrency market.
Over the past month, there has been a notable decline in the number of Bitcoin addresses with a balance greater than zero.
This drop aligns with Bitcoin’s price downtrend since it peaked above $70,000 in late May.
Interestingly, despite a recent recovery pushing BTC back above $65,000, the number of active addresses has yet to show a significant rebound.
However, historical patterns suggest that increases in BTC holder numbers often lag behind spot market recoveries by several weeks.
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