BlockBeats message, April 8, according to Cryptoquant data, shows that Bitcoin’s number of active addresses has fallen to the lowest point since 2026, and is also the lowest level in the past 8 years.
Analyst G a a h said: In a market environment with low volatility and low speculative activity, it provides ideal conditions for “smart money” and institutional investors—to quietly accumulate large positions without causing abnormal price swings.
When activity contracts sharply, it means that most of the short-term investors who bought due to hype and sold out due to panic have already exited. What remains on the network is mainly long-term holders that are currently accumulating.
From a historical perspective, the low point of the active address metric often coincides with the long-term bottoming range that has the highest profit potential. The “silence” on the network is, in fact, showing that the supply available for sale is being absorbed by the market.”