This Bullish Metric Just Notched a New All-Time High

Most people only refer to the price of bitcoin to gauge the health of the top cryptocurrency. If there’s a brutal sell-off, critics are quick to assume that the digital asset is dying. A minor bitcoin rally later, and almost everyone is tweeting about getting a Lamborghini.

Sure, the price is a visible marker of an asset’s pulse. But bitcoin’s market capitalization is so small compared to other traditional assets that its price often fluctuates wildly. A big buyer or seller can easily dictate the momentum of the cryptocurrency.

That’s why for bitcoin, there’s another indicator of market health: addresses with any balance. And despite the top cryptocurrency’s recent bearishness, this metric just hit a fresh all-time high.

Reference: https://www.ccn.com/bitcoin-dying-this-bullish-metric-just-notched-a-new-all-time-high/

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