Bitcoin is nearing 1 million daily active addresses for the first time since 2019, reflecting a surge in adoption as it inches closer to the $100,000 milestone, just $200 away on Nov. 22. Blockchain analytics firm IntoTheBlock reported this marks Bitcoin’s most significant onchain activity growth since 2021, signaling broader retail adoption.
According to blockchain expert Anndy Lian, this shift from whales to retail investors may lead to more stable price movements and indicates a healthier, more robust network. “Retail investors behave differently than whales, who can cause significant price swings,” Lian told Cointelegraph.
Analysts view this growing activity as a promising sign for Bitcoin’s long-term strength and its battle to cross the historic $100,000 mark.
Source: Cointelegraph
