The cryptocurrency markets are experiencing good times again, and the following facts confirm this, data was obtained from analyzes by Glassnode, Arcane Research and Skew.
The number of active entities on the BTC network record the highest numbers since 2017, when the largest BULL RUN began.
Explanation:
“The number of unique entities that were active either as a sender or receiver. Entities are defined as a cluster of addresses that are controlled by the same network entity and are estimated through advanced heuristics and Glassnode’s proprietary clustering algorithms.”
According to information from skew, yesterday the professional traders moved Open Interest on CME to $ 399 million, which means a new historical maximum for this indicator.
However, there is no correlation compared to the daily trading volume and it does not show the same growth, but it is possible that the structure of traders is changing.
Currently, almost the entire crypto community expects the upcoming BTC Halving, which is currently set at on 12 May 2020 02:25:38 UTC, and just this event is one of the important factors that is increasing interest in these markets.
