Bitcoin is in a neutral zone with a notable reduction in long-term selling and decreased network activities. Key indicators reflect cautious optimism among traders as they navigate this mixed market sentiment.
The Coin Days Destroyed metric fell significantly, suggesting that long-term holders are restraining from selling despite BTC’s value nearing all-time highs.
A steep drop in Bitcoin’s Network Growth indicates a decline in user interest, raising concerns about the future demand for BTC. Traders remain alert as they await clear signals from the market.
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