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Bitcoin’s network activity has fallen to “bear market” levels📉, mirroring 2022 & 2018. Analyst JA Maartun noted it’s below the annual mobile average. This could hinder a quick recovery.
Whales initially sold off BTC, but Glassnode observed some whales accumulating despite the price dip🐳. The accumulation trend score is at its highest this year.
Coinbase Premium index indicates neutral retail demand in the US. This could swing either way, affecting BTC’s recovery potential.📈 or 📉?
post url: https://altcoin.observer/is-bitcoin-recovery-at-risk-this-metric-reflects-bears-market-levels/
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