The number of active BTC addresses has dropped significantly

 2020-09-14 13:40:03

In terms of BTC, the number of active addresses dropped sharply to 779,000 on September 13, which is significantly lower than the number of active addresses that have been more than 1 million recently. Therefore, it can be said that BTC is still in the stage of gaining momentum. The low number of active addresses indicates that investors are not enthusiastic about chasing the rise. At the same time, the decrease in the number of active addresses means that the competition between long and short positions is decreasing, and short-term fluctuations may remain low.

In terms of ETH, Ethereum 2.0 will also be launched in November. In terms of price, due to the weakening of the amount of DeFi concept, ETH did not strengthen significantly during the short-term rebound, but was consistent with the market performance of BTC, which was a short-term trend of rising and falling.

ETH lock-up data shows that the number of locked-up ETH has dropped to 3.3 million, which is significantly lower than the peak of 6.84 million in August. It can be said that the price retracement of ETH is synchronized with the decline in the lock-up scale, so you can continue to pay attention to the related trends of the two to avoid excessive short-term chasing operations.

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