PANews, August 10: Cryptoquant analyst chesscryptoonchain noted that Bitcoin’s daily active addresses have declined to levels seen during 2018–2019. Looking at the 30-day moving average, the figure stood at 609,688 on July 19, 2026, compared to 570,710 in July 2018; based on the 100-day moving average, it reached 621,957 on July 27, 2026, versus 605,433 in January 2019. Historically, similar low levels occurred near the bottom of the previous market cycle, suggesting the market may be forming a bottom. However, the analyst emphasized that this is only one potential bottom signal and should not be used as a standalone entry trigger—other indicators should be considered in combination.
Bitcoin daily active addresses fall to 2018–2019 levels; analyst notes potential bottom signal.
PANewsShare
Summary
Bitcoin’s daily active addresses have fallen to levels not seen since 2018–2019, according to a daily market report by Cryptoquant analyst chesscryptoonchain. On July 19, 2026, the 30-day moving average stood at 609,688, nearing the 570,711 recorded in July 2018. The 100-day average on July 27, 2026, was 621,957, close to 605,433 in January 2019. The analyst noted that such levels often emerge near market bottoms, but cautioned that this is only one indicator. Traders are advised to monitor altcoins alongside broader market signals.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.