<ul data-eligibleForWebStory="false"><li>Bitcoin has surged 45% since April's low and is approaching its all-time high of $112,000, with the market at a critical juncture for either a breakout or a pullback.</li><li>The active supply of Bitcoin has decreased by 17% in the last 30 days, indicating reduced on-chain activity and potential market hesitation.</li><li>Despite consolidation near the all-time high, on-chain metrics suggest a possible breakout window as previous low activity periods preceded major rallies.</li><li>BTC's weekly chart shows bullish momentum building below all-time highs, with a potential breakout above $109,300 triggering further buying interest and a move into uncharted territory.</li></ul>

Bitcoin 30D Active Supply Drops 17%: Just Like It Did Before The Late 2024 Rally

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