The number of Bitcoin BTC 0.69%’s daily active addresses dropped sharply last week, from more than 1 million addresses/day in November to about 870,000 addresses/day currently, indicating that the growth of new Bitcoin users is minimal, if not very high. Difficulty retaining existing users.
In terms of active entities, Bitcoin currently has about 244,000 active entities per day, and the growth rate of the user base has plummeted to only about 7,000 net new entities per day, which is comparable to the worst bear market level in 2018 during the period of the worst bear market and low in 2019. similar.
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