I see that buying pressure in the market is continuing to weaken, and you can check the on-chain data which reflects this quite clearly.
Looking at the Active Addresses index of $BTC it can be seen that the network activity level is gradually decreasing. This is not just a small number of individual users but is also closely related to on-chain OTC activities where large flows of money often move quietly.
When active addresses decrease, this usually indicates that the overall market participation level is cooling off: fewer transactions, less real demand, and new money is no longer coming in as strongly as before.
In previous cycles, such phases typically occurred when the market entered a redistribution or prolonged correction phase, not when the capital was ready to push prices higher.
In summary, the market may continue to fluctuate sideways for the next few weeks, eroding the will of the traders. This is mainly due to the lack of strong buying pressure, making it very difficult for the market to create sustainable upward movements in the short term. $ZEC
This is a quick update on the short term for everyone; tomorrow I will post a comprehensive overview according to medium and long-term trends.
