Crypto analyst Ali Martinez suggests that retail investors in the crypto market are making a comeback, as the number of new Bitcoin (BTC) addresses is on the rise despite market volatility. In a recent strategy session, Martinez shared a chart on social media platform X, revealing that the count of new addresses on the BTC blockchain has broken a downtrend line. This surge in new addresses, reaching 352,124, is the highest level since April.

Martinez also highlights that miners of the top cryptocurrency are capitulating their positions, which is often seen as a sign of an impending Bitcoin bull market. Furthermore, Martinez notes that an individual on the crypto exchange Bybit is taking advantage of the recent price dip by purchasing Bitcoin, as indicated by a spike in the BTC taker buy/sell ratio.

According to Martinez’s chart, the Taker buy/sell ratio for BTC is currently at 12.306. Values above 1 suggest that BTC bulls are placing long positions at the market price. At the time of writing, Bitcoin is trading at $63,331, reflecting a 4% increase in the last 24 hours.

It is important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before engaging in high-risk investments in Bitcoin or other cryptocurrencies. Transfers and trades in the crypto market carry inherent risks, and any losses incurred are the responsibility of the individual. The Daily Hodl, where this article originates, does not endorse the buying or selling of cryptocurrencies and is not an investment advisor.