Bitcoin price has risen in the past two weeks by about 22%, and the first digital currency gains in the crypto market were not only the price increase, but also exceeded that of an increase in the number of Bitcoin users as well, as some data from #Glassnode shows that the number of unique addresses that appeared on the network Bitcoin for the first time reached its highest level since 2017.
It is also worth noting that the number of new addresses is much higher than that registered in June of last year when the bitcoin price was higher for a short period of time.
While there are many metrics to watch, the number of new accounts that first appear is particularly interesting, because these accounts show clear interest as new players in the market.
This may be an indication of the continued rise in Bitcoin adoption because more people are interested in cryptocurrencies despite the price drop.
On the other hand, nearly 95% of Bitcoin in its user portfolios is in profit, and this rate continues to grow.
Bitcoin New Users
The number of unique accounts that appear for the first time in the Bitcoin network is increasing, this growth rate is the largest we have seen since late 2017.
The largest liquidation positions were trading on the BitMEX platform and the liquidation amounted to more than $ 10 million.
#BitMEX is suspected to have affected bitcoin price in the past through large clearing waves.
Andreas Pompliano looks from another angle and sees that Bitcoin is one of the most promising assets for quick profits, but the past few hours have shown that Bitcoin is equally volatile and therefore can cause significant losses as well.
In his opinion, fluctuations will increase in the coming days and the liquidation of more centers from weak hands.
Despite the crash, many analysts remain optimistic about Bitcoin, including “Josh Ragger,” the founder of “Blockroot” and the Bitcoin trader where, in his opinion, any rise should be followed by a correction, and this price collapse can be considered healthy for further development. .
Rager believes that Bitcoin must be closed above $ 11531 on the weekly chart, to continue the upward movement.
