I lean on @glassnode's Active Entities metric in my Bitcoin fundamental model because of the strong statistical relationship w/ price. I have been on the lookout for a sustained break out of a 3yr range of network stagnation.
🧵on a key $BTC fundamental metric (+ some TA, Macro) pic.twitter.com/xyFAS1s3VD

— Jamie Coutts CMT (@Jamie1Coutts) August 23, 2023