menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

3w

read

1.4k

img
dot

Image Credit: Bitcoinist

Bitcoin Active Supply Down 17%: Here’s What Followed Last Time

  • On-chain data reveals a significant decrease in Bitcoin activity over the past month, with a 17% drop in active supply.
  • Historical analysis shows that similar declines in active supply preceded bullish momentum for Bitcoin in previous instances.
  • The current 30-day change in Bitcoin % Supply Active sits at -17%, indicating a cooling off of interest around the network.
  • The future trajectory of Bitcoin remains uncertain, with past trends suggesting potential bullish momentum after periods of decreased activity.

Read Full Article

like

23 Likes

For uninterrupted reading, download the app