Since April, the lowest level of Bitcoin active addresses has dropped to , which has attracted widespread attention. This not only involves the volatility of the digital currency market, but also concerns global investors and industry observers. This article will deeply analyze the reasons behind this phenomenon, explore its possible impact, and look forward to the future development trend of Bitcoin.

When analyzing the reasons for the decline in Bitcoin active addresses, we have to mention the recent tightening of global regulation of digital currencies. Recently, many countries have successively introduced regulatory policies for the cryptocurrency market, increasing the control of exchanges and digital assets. As one of the cryptocurrencies with the highest market value, Bitcoin has naturally become the focus of regulatory authorities. This change in regulatory policy directly affects the behavior of Bitcoin holders, and many investors choose to reduce the use of active addresses to avoid potential risks.

In addition to the impact of regulatory policies, market sentiment and investor confidence are also important factors leading to the decline in Bitcoin active addresses. Recently, Bitcoin prices have fluctuated greatly, and the market atmosphere has become more tense. Investors' uncertainty about the future trend of the digital currency market has led to a more cautious attitude, choosing to transfer assets to relatively safe places, thereby reducing the active use of Bitcoin.

On the other hand, technological development has also affected the changes in Bitcoin active addresses to a certain extent. With the continuous advancement of blockchain technology, the launch of new digital wallets and the diversification of trading methods have given investors more choices. The emergence of some new digital currencies has also attracted the attention of some Bitcoin holders, who have begun to try to diversify their investment portfolios, thereby reducing the number of active Bitcoin addresses.

Although the decline in Bitcoin active addresses has caused market concerns, we should also see the opportunities contained therein. First, the standardization of regulatory policies will help the healthy development of the entire digital currency market and provide investors with a more stable and transparent trading environment. Secondly, as one of the earliest cryptocurrencies, Bitcoin's basic technology and market position remain solid. As the digital currency market continues to mature, Bitcoin is expected to regain vitality in the future and attract more funds and resources.

In summary, the decline in Bitcoin active addresses is influenced by multiple factors such as regulatory policies, market sentiment and technological development, and also contains new opportunities for the development of the digital currency market. Investors and industry observers should remain vigilant and prudently respond to market fluctuations, while also seeing the long-term positive fundamentals of the digital currency market. I believe that over time, Bitcoin and the entire digital currency market will usher in more stable and sustainable development.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

The number of active addresses has always been an important metric for Bitcoin. However, despite its importance to the Bitcoin community, this metric is not perfect. A person can have more than one address, and two people can trade within an exchange without being recorded on the blockchain. Either problem could distort this metric, underestimating or overestimating the number of people transacting on the Bitcoin network every day. But even accounting for these minor issues, it’s a good indicator of interest in Bitcoin.

Throughout 2019, the number of active Bitcoin addresses has been rising. Until now. When we examine Bitcoin’s 7-day average (to smooth out week-to-week volatility), it’s clear that there has been a significant drop in the number of active addresses. In fact, the number of active Bitcoin addresses this week has been lower than it has been this year
That amount was in early April—when the price of Bitcoin had just topped $5,000.

Throughout May and most of June, Bitcoin’s active address count has been trending upward toward 1 million daily active addresses. around 6
The trend reversed late in the month and has shown no signs of stopping its decline since then. Currently, there are fewer than 750,000 daily active addresses on the Bitcoin network.

While this metric is important, it doesn't necessarily mean Bitcoin investors are in trouble. Other metrics, such as total value transferred, number of transactions, and mining difficulty, are also valid indicators to keep an eye on. These indicators have largely been trending upward or flat recently, but any significant changes will be worth watching in the coming weeks and months.

Although the price of Bitcoin seems to have stabilized around $10,000, in July, there was still the possibility that Bitcoin could reach as high as 1,000 in 1 hour.
Large fluctuations (up/down) in the US dollar. This may be due to the increased attention Bitcoin has received in the media of late, with the President of the United States tweeting about Bitcoin for the first time, and the U.S. Congress earlier this week
Facebook’s planned cryptocurrency project comes under scrutiny.