Bitcoin Active Addresses Collapse to 2020 Lows After $83K Breakdown

Bitcoin’s on-chain activity has entered a critical zone, signaling a sharp deterioration in network participation following the loss of the $83,000 support level. According to CryptoQuant data, the 7-day SMA of Bitcoin active addresses has fallen to roughly 720,000, marking the lowest reading since April 2020. This represents a dramatic contraction in usage source: https://www.ethnews.com/bitcoin-active-addresses-collapse-to-2020-lows-after-83k-breakdown/