Bitcoin Rally Flashes Red Flags: New Highs, But Fewer Hands Are Holding the Rally

Bitcoin’s recent climb to new all-time highs might not be as strong as it looks. A new report has revealed that while BTC’s price has surged, the number of active addresses on its network has dropped. This signals a negative divergence between the coin’s market price and on-chain activity.   The weak participation puts a potential decline back to the $120,000 price region on the table source: https://beincrypto.com/why-btc-price-surge-may-not-last/