According to CoinMarketCap, Bitcoin (BTC) has shown stability in September, with prices rising nearly 13% over the past week, reports Golden Finance. Crypto analyst Burak Kesmeci points out that the increase in new Bitcoin addresses is a significant indicator of price movements. Recently, the number of new addresses reached 330,000, nearing the crucial threshold of 350,000. Kesmeci explains that when the number of new addresses exceeds 350,000, it indicates stronger bullish sentiment in the market, with potential for price increases. If it falls below this threshold, it could signal a correction or bear market.

Kesmeci also notes that if the number of new addresses reaches or surpasses 350,000 in the future, especially after the Fed's meeting next week, Bitcoin investors could be in for "good times." However, the emergence of BTC spot ETFs could impact network growth, as ETFs may hold large amounts of Bitcoin, reducing the generation of new addresses. Bitcoin is currently trading at $60,395, up 4.31% in the past 24 hours, but trading volume has decreased by 9.35%.