IntoTheBlock: Over 3.4 million addresses bought BTC near $30,000, and BTC price volatility is at historical lows.

BlockBeats reported on July 26th that IntoTheBlock, a cryptocurrency analysis platform, stated on social media that data shows that when the price of Bitcoin fell below $30,000, approximately 68.96% of holders were still in a profitable position, and over 3.4 million addresses bought BTC at around $30,000. According to data, the creation of new addresses on the Bitcoin network has been increasing since May of this year and recently hit a new high for the year. This indicates that Bitcoin is attracting new users. During the Ordinals hype, Bitcoin on-chain activity reached its peak, and many holders were worried that the price would sharply drop after the hype subsided. However, Bitcoin network transaction volume is still on the rise. IntoTheBlock also added that Bitcoin's NVT (Network Value to Transactions) ratio is at an unprecedented level, which usually indicates that Bitcoin is overvalued. Currently, Bitcoin's volatility is at a historical low, which usually signals a significant price change. (The chart shows volatility data.)