🚀 Bitcoin activity indicators suggest the market cycle is continuing!
Analyst @TXMCtrades shared exciting insights on platform X regarding Bitcoin's movement 📈. According to his analysis, network activity indicators are increasing, indicating that the current market cycle may not be over yet.
🔹 What is activity?
Activity means the total of all spending and storage operations on the blockchain.
When cryptocurrencies are actively traded → activity rises
When they are held → activity decreases
💡 In bull markets:
Activity increases as cryptocurrencies are traded at higher prices
This indicates the influx of new capital
When demand weakens → momentum slows → the indicator decreases
🔥 Notably:
Even with falling prices, activity continues to rise!
This indicates a fundamental demand for Bitcoin that is not visible in price movement.
📊 Activity typically lags behind price movements, but it remains positive from a long-term perspective.
🏢 Large institutions are now moving in the market, although their identities are still unknown.
⚡ Summary:
Bitcoin is still attracting attention and experiencing strong movement within the network, which may pave the way for the continuation of the current market cycle.
💬 What do you think? Do you believe Bitcoin will continue its rise, or will we see more volatility? Share your thoughts 👇
#bitcoin #Cryptocurrency #blockchain #BinanceBlockchainWeek #CryptoTrading
