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Author: News Desk

Bitcoin’s active address volatility highlights user engagement beyond price cycles

Onchain Highlights DEFINITION: The number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted. The number of active Bitcoin addresses in 2024 has shown significant volatility. After rising steadily following the lead-up to the halving event in April…

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Bitcoin’s entity-adjusted NUPL signals heightened market uncertainty below $60k

Onchain Highlights DEFINITION: Entity-adjusted NUPL is an improved variant of Net Unrealized Profit/Loss (NUPL) that discards transactions between addresses of the same entity (“in-house” transactions). It only accounts for real economic activity and provides an improved market signal compared to its raw UTXO-based counterpart. Bitcoin’s Entity-Adjusted NUPL has been in a downtrend since mid-2024…

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