Bitcoin Active Addresses Plummet to 2018 Bear Market Levels

Bitcoin's active addresses have been dwindling since August 9, reaching around 545,233 - levels last seen during the 2018/2019 crypto bear market. This decline in network activity corresponds to a year-to-date price drop of over 25%, with BTC trading near $64,960.

However, recent data indicates a rise in active addresses to their highest since May 2026, driven by renewed institutional interest and bullish sentiment. If this trend continues, it could signal strengthening bullish momentum similar to the post-2018 bear market recovery.