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Bitcoin Bull Run Already Over? Quant Sounds Alarm Over Active Addresses Trend

  • Bitcoin Active Addresses have been declining since March, indicating a potential bearish trend for BTC.
  • The 100-day SMA of Bitcoin Active Addresses is rapidly decreasing, falling below previous bear market lows.
  • A collapse in active addresses could be a bearish sign for Bitcoin's price.
  • However, CryptoQuant CEO believes Bitcoin is still in the middle of the bull cycle based on the Bitcoin Growth Rate Difference indicator.

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