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Bitcoin active addresses ‘concern’ analyst despite 50% BTC price gains

February 21, 2023


Research warns that Bitcoin still lacks the on-chain volume and active address increases that characterize bull markets.

In a frank appraisal of the 2023 BTC price rebound, on-chain analytics platform CryptoQuant warned that Bitcoin might be weaker than it seems.

Active addresses not copying bull market paradigm

As on-chain metrics flip green and some even flash bull signals not seen in years, a healthy dose of suspicion remains among many analysts.

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