Bitcoin’s 30-day average of active addresses stood at about 629,000 as of Nov. 1, down 43% from a local peak of roughly 1.1 million recorded in December 2024, according to monitoring by analyst Axel Adler Jr. The metric also fell another 1% over the past week and now sits about 10% below the yearly average of around 702,000. Historical comparison shows that in 2018, the same indicator dropped from about 1.1 million to roughly 547,000, a decline of around 50% over about three months. In the current cycle, the pullback has lasted nearly two years, with a similar magnitude but a slower pace. Over the same period, the 30-day average of daily transfer volume fell from about 865,000 BTC on Dec. 10, 2024 to around 819,000 BTC, a decline of roughly 5.4%, while still remaining about 5.5% above the yearly average of around 776,000 BTC. The analysis says active addresses have retreated sharply, but the scale of BTC moved on-chain remains broadly in line with recent years, and neither metric has shown signs of a sustained recovery over the past week.
According to monitoring by analyst Axel Adler Jr., Bitcoin’s 30-day average of active addresses was დაახლოებით 629,000 as of Nov. 1, down 43% from a local peak of about 1.1 million in December 2024. The metric fell another 1% over the past week and now sits about 10% below the yearly average of roughly 702,000.
This drawdown is similar to 2018, but slower
For comparison, in 2018 the same indicator dropped from about 1.1 million to roughly 547,000, a decline of around 50% over about three months. In the current cycle, the pullback from the peak has lasted nearly two years, with a similar magnitude but a slower contraction.
Transfer volume has held up better than active addresses
Over the same period, starting on Dec. 10, 2024, the 30-day average of daily transfer volume fell from about 865,000 BTC to around 819,000 BTC, a decline of roughly 5.4%. Even so, it remains about 5.5% above the yearly average of around 776,000 BTC.
The analysis says Bitcoin active addresses have retreated sharply, but the amount of BTC moved on-chain remains broadly in line with recent-year levels. Both metrics declined over the past week, and no sign of a sustained recovery has appeared so far.
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