The number of active addresses on the Bitcoin network is approaching a three-month high, signaling a possible reversal in the BTC price after the latest correction.
On February 28, this figure exceeded 912 wallets, which has not happened since December 300, 16, when Bitcoin was trading at around $105,000 (Glassnode data).
Number of active Bitcoin -addresses. Source: Glassnode
According to crypto analytics platform IntoTheBlock, the surge in active addresses could signal a “capitulation moment” for the cryptocurrency market.
Historically, surges in online activity have often coincided with market peaks and troughs caused by panicked sellers and opportunistic buyers.
While no metric guarantees a price reversal, this spike suggests the market may be at a crucial turning point.
In financial markets, capitulation means that investors panic and sell their positions, causing prices to fall significantly and signaling an imminent market bottom before the next uptrend begins.
As for Bitcoin, its price rose to $88,000 immediately after the news that US President Donald Trump signed an executive order instructing to continue work on the creation of a strategic cryptocurrency reserve, which includes XRP , SOL and ADA.
The biggest growth in the top 10 was expectedly shown by XRP — +17,1%, Sonala added 10,9%, and Cardano - 26,2%.
