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no one’s talking about this: Bitcoin address activity drops 30% as sales pressure mounts near $110,000, analysts warn of decrees,
lmao Bitcoin is like that one friend who always hypes you up but then dips when things get real?! Bulls out here trying to hit $
Pattern: Normalized Bitcoin address activity declines by 30%, signaling decreased short-term supply.
Insight: Rising sales pressure near $110,000
Bitcoin is at a critical level near $110,000, with sales pressure rising amid volatility. The market’s uncertainty tests Bitcoin’s resilience. Analysts warn of potential decrees if momentum isn’t regained. Axel Adler notes a drop in Bitcoin’s address activity, suggesting weakening short-term supply but raising questions about demand for a rally. The balance between cooling activity and support is crucial. Long-term seller dynamics show increased activity, indicating more holders ready to profit at higher levels. Bitcoin’s current phase suggests a mid-term distribution phase. Bulls aim to test key levels, with $115,000 being critical.
The activity of the normalized Bitcoin address falls at 30%: the sale pressure is aspired
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