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Critical Bitcoin Price Warning as BTC Consolidation Nears an End

  • Bitcoin is nearing its all-time high, but network activity indicates minimal interactions, potentially impacting future price movements.
  • Active addresses on Bitcoin's blockchain have not recovered significantly post a drop in March-April, signaling low retail interaction.
  • The low network activity index, stagnant BTC mempool, and past correlations between network activity and price movements raise concerns.
  • However, the recent rally may not rely on retail investors, as institutions play a key role, suggesting a shift in driving forces for BTC price movements.

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