Bitcoin Active Addresses Hit Highest Level in Three Months

Bitcoin’s on-chain activity has surged to levels last seen in December, potentially signaling a major shift in market sentiment.

Data from Glassnode shows that active Bitcoin addresses soared past 912,300 on February 28, marking a three-month high.

According to crypto analytics firm IntoTheBlock, this spike in network activity could indicate a critical market moment, as historical patterns suggest that sharp increases in on-chain transactions often coincide with major price tops and bottoms.

The firm noted that while no single metric guarantees a reversal, the trend suggests Bitcoin may be nearing a crucial turning point.

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In market terms, capitulation occurs when widespread panic selling drives prices down sharply before setting the stage for a rebound. And without any delay, the crypto market surged and it appears that bullish reversal is already happening.

The price of Bitcoin just rebounded to over $94,000 after Donald Trump announced the creation of a national crypto reserve, with BTC being at the center of it.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.