On-chain data shows Bitcoin network metrics have diverged recently, with active addresses falling even as transaction volume shoots up.

Bitcoin Activity Metrics Are Showing A Mixed Picture

In its latest Market Pulse report , on-chain analytics firm Glassnode has talked about how a few different activity-related Bitcoin indicators have changed during the past week.

The first metric of interest is the “ Active Address Count ,” which measures, as its name suggests, the unique total number of addresses that are becoming involved in some kind of transaction activity on the blockchain every day.

Now, here is a chart that shows the trend in the Bitcoin Active Address Count over the last couple of years:

As displayed in the above graph, the Bitcoin Active Address Count spiked above the hi

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