Bitcoin Monthly Active Addresses 1K USD
1K USD
As of
Correlation Score
96.54%
Active Addresses is one of the primary metrics that track the Bitcoin network activity. It represents the number of accounts that have recent transactions. The general assumption is that the more people use Bitcoin on a regular basis, the more it proves its usefulness as a currency.
The value is computed by going through the blockchain and identifying addresses that have transacted at least 1K USD in the past 30 days.
*Notes:
- Correlation Score is the Pearson correlation coefficient. The number represents the correlation between the Active Wallet count and the Bitcoin price.
- Only on-chain data was used.
- Historical data is calculated using the Bitcoin USD price at the transaction date.