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Bitcoin’s Price Climbs, But the Network Feels Abandoned

  • Bitcoin's price is rising, but underlying network activity is subdued, raising concerns about the market.
  • Low number of active addresses and flat Network Activity Index indicate waning retail interest in Bitcoin.
  • Mempool's emptiness suggests decrease in demand for blockchain space as users are not moving their Bitcoin actively.
  • The rally may be driven more by speculation and institutional flows rather than genuine retail participation, leading to uncertainty about its sustainability.

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