In the figure, the #BTC on-chain indicator is the percentage of the number of addresses that have transactions for the first time among all addresses that have transactions on the chain within a period of time to the total number of transaction addresses.
The percentage recently reached a new high in more than 3 years, which may mean that newcomers (new incremental funds) are actively entering the market. Indicator link:
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In the figure, the #BTC on-chain indicator is the percentage of the number of addresses that have transactions for the first time among all addresses that have transactions on the chain within a period of time to the total number of transaction addresses.
The percentage recently reached a new high in more than 3 years, which may mean that newcomers (new incremental funds) are actively entering the market.
Indicator link: