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Cryptoquant analyst Chesscryptoonchain stated that the daily active address count of Bitcoin has fallen back to the level of 2018-2019. The 30 day moving average shows 609688 on July 19, 2026 and 570,71 on July 18; The 100 day moving average shows 621957 on July 27, 2026 and 605433 in January 2019. Analysts point out that similar lows have appeared near the bottom of the previous market, but this is only one of the potential bottom signals and needs to be considered in conjunction with other indicators.