@BOMBERuss 12 October 2021 more from that month

The price of bitcoin has risen by 30% since the beginning of the month and remains above $57,000 at the time of publication. The number of active users of the cryptocurrency network, calculated by Glassnote based on the seven—day average, increased by 19% to 284,179 during the same time. "The increase in activity has historically correlated with an increase in interest during the early stages of the bull market," Glassnode states. By active users, analysts mean individual addresses and groups of addresses controlled by one entity, including exchanges, cryptocurrency storage services and individual holders. Now the indicator is at the highest level in five months and corresponds to the values observed at the end of 2020, when bitcoin began to rise to new highs. Analysts also note the increased participation of institutional investors - this is indicated by an increase in the median transaction size from 0.6 BTC to 1.3 BTC since September. Bullish assumptions are supported by the technical picture, says CoinDesk analyst Omkar Handball. So, the 100-day moving average is ready to cross the 200-day one in the coming days and as a result form the first such cross in 16 months. #CryptoTrading