Bitcoin ($BTC) on-chain activity has witnessed a noticeable increase in the past few weeks. According to Nexo data, active Bitcoin ($BTC) addresses have recently surpassed the 912,300 mark as of the end of February. This development is necessary as each level was previously seen in December 2024.
#Bitcoin’s active addresses increased to over 912,300 at the end of February.
This level has not been seen since December last year.
Surges indicate that the market may reach an inflection point. pic.twitter.com/iesnutrpkg
-NEXO (@nexo) March 8, 2025
Given the situation, the increase in active numbers indicates a height of three months at this time. Based on this, investor engagement appears to have grown significantly within the Bitcoin ecosystem.
Bitcoin market records a 3 month peak in the number of active addresses
Statistics provided by financial services provider Nexo point to a high of three months for active addresses for Bitcoin. This suggests the possibility of a change in overall investors’ sentiment. Market data highlights that active addresses have experienced significant fluctuations over the past few months. Nevertheless, on the last day of last month, market participation was renewed.
This figure touched on the three-month peak as a result of an increase in Bitcoin ($BTC) active addresses during February. Along with historical trends, rising active addresses often pave the way for a remarkable price movement.
Bitcoin ($BTC) surge suggests a rise in demand
Overall, such developments reveal an increase in network usage and demand. The rise in these addresses also occurs during the period of enormous market speculation. Therefore, many consider this to be a sign of an inflection point in the Bitcoin market.
According to the Token Terminal, this activity in the Bitcoin ($BTC) ecosystem could suggest potential volatility that could potentially approach. Huge price increases are often preceded by a surge in such activities. On the other hand, it can also make a profit and could lead to provisional revisions.
