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 500K USD in the past 7 days.
*Notes:
<ul>
<li>Correlation Score is the Pearson correlation coefficient. The number represents the correlation between the Active Wallet count and the Bitcoin price.</li>
<li>Only on-chain data was used.</li>
<li>Historical data is calculated using the Bitcoin USD price at the transaction date.</li>
</ul>

Bitcoin Weekly Active Addresses 500K USD

Bitcoin Weekly Active Addresses
500K USD