More than 3.4 million addresses bought BTC near the price of 30,000 US dollars, and the volatility of BTC price has reached a historical low

Odaily Planet Daily News The encryption analysis platform IntoTheBlock tweeted that the data shows that when the price of Bitcoin fell below $30,000, about 68.96% of the holders were still in a state of floating profit. More than 3.4 million addresses bought BTC around $30,000. In addition, since May of this year, the number of newly created addresses on the Bitcoin network has been increasing and recently hit a new high for the year. This shows that Bitcoin is attracting new users. During the hype period of Ordinals, the activity on the Bitcoin chain reached its peak. At that time, many currency holders worried that the currency price would fall sharply after the craze faded, but the current Bitcoin network transaction volume is still on the rise. IntoTheBlock said that the Bitcoin NVT (network value to transaction) ratio is at an unprecedented level, and the occurrence of this indicator usually indicates that Bitcoin is overvalued. Bitcoin volatility is currently at historically low levels, and such low volatility is usually a harbinger of large price swings.