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.
