ChainCatcher reported comments from on-chain analyst Axel Adler Jr., who said Bitcoin’s 30-day average of active addresses stood at 629,000 as of Nov. 1. That figure was down 43% from the peak of 1.1 million recorded in December 2024. He also said the current reading is about 10% below the annual average of 702,000. Adler compared the move with 2018, noting that the same metric fell 50% within three months during that period, while the current decline has stretched across nearly two years. In his view, the pace of the present downturn has been relatively slower.
According to ChainCatcher, on-chain analyst Axel Adler Jr. said Bitcoin’s 30-day average of active addresses stood at 629,000 as of Nov. 1, down 43% from the peak of 1.1 million seen in December 2024.
He said the metric is also about 10% below the annual average of 702,000.
Comparison with 2018
Adler added that in the same period of 2018, the indicator dropped 50% within three months. This cycle’s decline, by contrast, has lasted nearly two years and has moved at a relatively slower pace.
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