Crypto metrics service Glassnode pointed this out in a recent tweet. The tweet announced that a record high might soon be seen:
“The number of active entities on the Bitcoin network is the highest it’s been since the 2017 $BTC bull run.”
The entity metric is usually used to measure the amount of activity the Bitcoin network experiences. Last year, the network saw the highest number of active entities when the network saw $14,000. The spike has now surpassed that level and is inching towards the number seen at Bitcoin’s all-time high in 2017.
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