The number of active Bitcoin addresses can be influenced by factors beyond just new users. For example, large institutional traders, miners, or exchanges can create many addresses, skewing the metrics. Moreover, one user might control numerous addresses, making it difficult to use active addresses alone as a reliable measure of user growth. It's essential to combine this metric with others, like wallet balances or transaction volume, to better understand user trends.
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The sky is cloudy today.
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The concert was amazing last night.
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