Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

American Express Ventures into Web3 Rewards on Base

16/09/2025

DeFi, crypto lending markets have overcome 2022 chaos, Aave founder claims

16/09/2025

Ghost AI Joins Fomoin to Accelerate Web3 Engagement

16/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum ETF Frenzy Pushes Investors Toward This New Small-Cap

    16/09/2025

    Ether could see the ‘biggest bear trap’ this month: Analysts

    15/09/2025

    Ethereum Whale Cashes Out Millions in DAI After Price Rally: $13.2 DAI Earned

    15/09/2025

    can $4,300 support prevent a deeper correction?

    15/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    American Express Introduces Blockchain-Based ‘Travel Stamps’

    15/09/2025

    NFT sales show modest recovery, Pudgy Penguins jump 110%

    14/09/2025

    Twerk From Home Aims to Become the UFC of Exotic Dancing—With a Crypto Boost

    13/09/2025

    Crypto.com Launches Champions Collection With UEFA Experiences and Final Tickets Up for Grabs

    12/09/2025

    American Express Ventures into Web3 Rewards on Base

    16/09/2025

    DeFi, crypto lending markets have overcome 2022 chaos, Aave founder claims

    16/09/2025

    Ghost AI Joins Fomoin to Accelerate Web3 Engagement

    16/09/2025

    DeFi vs Nasdaq: who wins the race to tokenize real-world assets?

    16/09/2025
  • Blockchain

    American Express Ventures into Web3 Rewards on Base

    16/09/2025

    Ghost AI Joins Fomoin to Accelerate Web3 Engagement

    16/09/2025

    First EU-regulated on-chain exchange 21X taps Chainlink for tokenized securities

    16/09/2025

    Lava Network’s Smart Router Fuels Wyoming Stablecoin Program

    16/09/2025

    Gemini Dethrones ChatGPT as GOOG Hits $3 Trillion

    16/09/2025
  • DeFi

    DeFi, crypto lending markets have overcome 2022 chaos, Aave founder claims

    16/09/2025

    DeFi vs Nasdaq: who wins the race to tokenize real-world assets?

    16/09/2025

    It Claimed to Have $12 Billion

    14/09/2025

    Thetanuts Finance Partners with Odette to Debut V4 and RFQ Engine on Base

    14/09/2025

    3 Reasons The Growth Of DeFi Is Lagging Among Institutions

    14/09/2025
  • Metaverse

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025
  • Regulation

    The Reason for the Crypto Market’s Decline Revealed! Five-Year-Old Active Bitcoin Whales Sell Largely! Here Are the Details

    16/09/2025

    Sharps Technology Jumps 70% After Raising $400M for Solana Treasury

    16/09/2025

    Crypto ETPs post $1.4B losses amid recent Bitcoin, Ether sell-offs

    16/09/2025

    Coinbase, Circle, Strategy, MARA Lead Crypto Stock Post-Rally SellOff

    16/09/2025

    CBDCs close Orwell’s ’1984 loop perfectly,’ think tank says

    16/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Pay enters South Africa’s checkout lanes through Zapper tie-up

    15/09/2025

    Binance Warns Crypto Projects Against Listing Scams: Details

    15/09/2025

    Revolut Secures UAE Nod for Payments Business, Eyes Regional Expansion

    15/09/2025

    Prediction Market PredictIt Launches in October—Here’s What to Expect

    15/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    DeBox Partners with Mythoria to Merge AI-Led GameFi and Web3 Social Ecosystem

    16/09/2025

    Crypto Games Keep Shutting Down. This $500K Fund Aims to Help Players Recover

    14/09/2025

    Conflux Network and Salvo Alliance Targets Scalable Web3 Gaming Adoption

    13/09/2025

    Undeads Games TVL Reached $30M+

    12/09/2025

    Why Bitcoin Miners Are Powering AI’s Expansion

    14/09/2025

    Bitcoin’s Computing Muscle Flexes Harder

    13/09/2025

    Ethiopia is Turning Hydropower Into Bitcoin Mining

    13/09/2025

    Impressive 375 BTC Mined in August

    13/09/2025

    Coinbase-backed petition pushes UK on blockchain and stablecoin policy

    15/09/2025

    China Imposes New Cryptocurrency Bans! Here Are the Details…

    15/09/2025

    Input Output Joins CryptoUK to Help Shape UK’s Digital Asset Future

    15/09/2025

    CFTC Nominee Brian Quintenz tells all in Winklevoss twins fight

    15/09/2025

    American Express Ventures into Web3 Rewards on Base

    16/09/2025

    DeFi, crypto lending markets have overcome 2022 chaos, Aave founder claims

    16/09/2025

    Ghost AI Joins Fomoin to Accelerate Web3 Engagement

    16/09/2025

    DeFi vs Nasdaq: who wins the race to tokenize real-world assets?

    16/09/2025
  • MarketCap
NBTC News
Home»Bitcoin»Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating Historic Strength
Bitcoin

Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating Historic Strength

NBTCBy NBTC26/09/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


As the bear market continues to linger, several market analysts have pointed out key metrics or factors that show that the Bitcoin bull market might not be far off. This time, Bloomberg analyst Jamie Coutts has identified key Bitcoin adoption metrics that provide bullish signals to the crypto community.

What Are These Key Bitcoin Metrics?

In a tweet shared on his X (formerly Twitter) platform, Coutts noted that “HODLers” and transactions on the Bitcoin network were at an all-time high. According to the update he shared, the number of addresses holding more than 1 BTC is at its highest over the last five years. 

In the past month, there has also been close to a 1% increase in persons holding more than one 1 BTC. Meanwhile, the volume of Bitcoin transactions, entity-adjusted ones, has surged by over 9% in the past month. This metric also has a 99.8% percentile over the last five years.

These two metrics form part of key metrics used to determine how widely the Bitcoin network and token are adopted. Their being in the green is undoubtedly bullish, especially considering that many have been said to have left the crypto market because of the lingering conditions.

The first metric shows that more addresses are accumulating BTC, and a significant chunk of it, even though the crypto token has been tepid for a while now. The entity-adjusted metric is even more significant as it measures the number of unique Bitcoin users rather than active wallets. 

However, there are some negatives from the Bitcoin on-chain update that Coutts laid out. The value of this entity-adjusted bitcoin transactions has dropped by over 30% in the past year (although it is up by %30 in the last three years). The median transfer value has also decreased drastically (over 98% in the last three years), putting it also in the bottom percentile over the last five years. 

This shows that the economic value of the network is down even though adoption is currently at an all-time high. 

BTC price looks strong above $26,000 | Source: BTCUSD on Tradingview.com

Worrying Concerns Around Bitcoin’s Adoption

There has been increased institutional interest in the flagship cryptocurrency, Bitcoin, especially with traditional fund managers moving to offer several Bitcoin exchange-traded funds (ETFs). However, following this interest, many have become wary about the true intentions of these fund managers and how they could make Bitcoin more centralized.

These concerns are likely to be further fueled by a recent revelation made by Coutss. In a tweet released on September 26, he pointed out that three asset managers (Vanguard, BlackRock, and State Street) are major investors in the three biggest publicly traded mining companies. 

While he stated that his statement shouldn’t be taken as FUD, he raised concerns about what this could mean for the Bitcoin network as these fund managers account for “about 8.9% of the global hash.” 

According to him, there might be the risk of “creeping influence that might conflict” with the network’s values. He believes these companies could go as far as censoring transactions with such influence. 

This development is more significant because BlackRock is one of several fund managers that have filed to offer a Spot Bitcoin ETF. 

Featured image from iStock, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

American Express Ventures into Web3 Rewards on Base

16/09/2025

DeFi, crypto lending markets have overcome 2022 chaos, Aave founder claims

16/09/2025

Ghost AI Joins Fomoin to Accelerate Web3 Engagement

16/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.