@frost21
Bitcoin’s on-chain active addresses and price show a partial correlation in 2025, but not consistent synchronization. Glassnode reports active addresses at 1.05 million in April, up 5.63% from January, while BTC’s price hovers around $83,550, down 11.8% from its $106,182 peak, per CoinGecko. Historically, address spikes often trail price rallies, as seen in 2021’s bull run, but 2025’s subdued retail engagement, noted by @coinmetrics, suggests organic growth lags. ETF-driven demand outpaces on-chain activity, indicating institutional influence overshadows address-price linkage. Expect divergence until retail participation strengthens or macro conditions shift.[](https://insights.glassnode.com/)
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