Important Bitcoin Metric Hits 6-Month High as BTC Price Prepares for Rebound

Tl; DR

• Months after its ghost city declaration, the Bitcoin network has accelerated again, with the number of active added addresses to more than 900,000.
• At the same time, a popular technical indicator has flashed a purchase signal, which suggests that the BTC price could be ready for another short -term race.

Network activity is an important metric that helps determine whether the underlying blockchain is used or not and to what extent. Although it is not directly linked to the movements of asset prices, it shows the overall interest in it and sometimes coincides with said movements.

For example, active addresses soaring after the American elections, and the BTC price has followed suit. Unlike the activity levels plunged after the inauguration of Trump, because the Bitcoin network was declared “ghost city”, and the price of the assets followed in the following months, going from more than $ 100,000 to less than $ 80,000.

Now, however, Ali Martinez, the popular analyst on X, has described a substantial increase in the number of daily active addresses. Its graph shows that the use has reached more than 925,000 portfolios of this type, which is highest in six months.

925 914 #Bitcoin $ BTC The addresses were active in the last 24 hours. This is the highest level of activity of the network in the last six months. pic.twitter.com/fwmkrtry2

– Ali (@ali_charts) May 3, 2025

Remember that the BTC price has already found more than $ 20,000 from its $ 75,000 of April 7 and 9. However, he was faced with a rejection at $ 98,000 yesterday and dropped approximately two miles.

Nevertheless, Martinez spoke of another graph, which suggests that more price increases are coming for the largest digital active. The TD Sequential, a metric used to present the depletion of the market in both directions, has flashed a purchase signal on the time table, which is generally a good entry point.

#Bitcoin $ BTC Can be configured for a rebound, with the sequential TD flashing a purchase signal on the time graphic! pic.twitter.com/xccdihmq6v

– Ali (@ali_charts) May 3, 2025