Bitcoin Consolidates Near Historical High with 320,000 Active Addresses and Strong Buying Interest

On October 21, COINOTAG reported data from IntoTheBlock indicating a significant trend in the Bitcoin market. As the leading cryptocurrency consolidates near its historical peak, over 320,000 active addresses have been engaged in trading within this price bracket. This surge in participation suggests a robust interest from the investor community. Notably, the average acquisition cost for approximately 220,000 of these addresses hovers around $68,500, highlighting a pivotal potential support level. This phenomenon underscores the underlying market sentiment as traders position themselves for future movements. As Bitcoin remains within this critical price zone, stakeholders continue to monitor these metrics closely, given their implications for market stability and liquidity.