Bitcoin is witnessing the development of a troubling divergence, which poses several questions about the sustainability of the cryptocurrency’s growth. Here’s the most important one so far — how does it affect price?

Network Activity On Decline As Price Rises

In a Quicktake post on the CryptoQuant platform, crypto pundit CryptoOnchain highlighted a growing negative divergence between Bitcoin’s price and the number of active addresses within the cryptocurrency’s network.

The analyst’s report depended on the Bitcoin Active Addresses metric, which, as is apparent, tracks the number of unique wallet addresses participating in transactions on the network within a given period. The value of this metric reflects the amount of user activity or engagement of the crypto network.

From the chart

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