Bitcoin Active Addresses Reach 2020 Levels Amid Market Uncertainty

In June, Bitcoin's price fluctuated between approximately $100,500 and $111,000, maintaining a valuation above $100,000. Recent trading has shown relative stability with modest bullish movements.

Active Addresses Reflect 2020 Levels

On June 20, Alphractal reported that active addresses on the Bitcoin network are at levels similar to 2020, suggesting no signs of market euphoria. Active addresses measure the unique addresses sending and receiving Bitcoin within a specific timeframe.

The current environment mirrors political uncertainty and social fear seen in 2020.
Alphractal suggested investor disillusionment as a reason for low activity despite Bitcoin's stable value.
Low on-chain and spot volumes indicate minimal global interest in Bitcoin.

Bitcoin remains above $100,000, indicating only the most resilient investors are engaging at this price point.

Bitcoin Price Overview

Currently, Bitcoin is valued at approximately $103,290, showing a decline of over 1% in the past 24 hours and about 2.4% over the last week.