Bitcoin’s active addresses reached a six-month peak of 925,914, while the price of BTC stands at approximately 97,000 USD. Despite these high activity levels, BTC experienced a drop of nearly 2% soon after.
An influx of 5,000 BTC, valued at about 484 million USD, into derivatives suggests traders may be speculating rather than asserting true market demand, reflecting concerns surrounding long-term price sustainability.
With recent trading volume diminishing and active addresses falling from a peak to a two-week low, retail investor participation appears to be waning, potentially signaling a period of bullish fatigue.
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