Bitcoin Active Addresses Hit 2018 Low-Is a Bottom Forming?
Bitcoin’s network activity just fell to a level not seen since the last major bear market. According to data from CryptoQuant analyzed by Finbold, Bitcoin active addresses dropped to 545,233 on August 9, 2026, the lowest reading since 2018. The slump lands more than ten months into a prolonged downturn for the asset, raising fresh questions about whether the network is simply quieting down or whether this is the kind of exhaustion that has historically preceded a turnaround.
Key takeaways
- Bitcoin active addresses fell to 545,233 on August 9, 2026, the lowest level since 2018, according to CryptoQuant data cited by Finbold.
- The 30-day EMA of active BTC addresses stood at 570,710 back in July 2018, offering a historical reference point for the current slide.
- Active addresses (30-day SMA) declined by 10.84%, from roughly 721,755 on October 6 to about 643,507 on August 9.
- Bitcoin traded at $64,960 at the time of reporting, down more than 25% year-to-date, while 24-hour trading volume hit $15.4 billion, up over 23%.
- The SMA(30) for active addresses has climbed to its highest point since May 29, 2026, a signal some analysts link to renewed adoption.
Bitcoin Active Addresses Hit Lowest Point Since 2018
The pullback in daily network usage is significant because active addresses are one of the clearest proxies for real user engagement on the Bitcoin blockchain, separate from price swings alone. When fewer unique wallets send and receive BTC each day, it typically points to cooling retail participation, even if larger holders remain active behind the scenes.
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