caueconomy
Low network activity still suggests lack of demand, bull is not here yetđ¨
Active addresses is a metric that measures the amount of addresses on the network that are either receiving or sending BTC. It can be used as a way to understand the current demand for trading and for the asset itself. Moments of decreasing activity are consistent with price drops, which drive away most short-term speculators and newbies. In the last bear fund we were able to visualize a turn in sentiment and risk appetite, with a growing recovery in network activity along with rising prices, a configuration of stability. What we have today is that we still haven't seen this support of demand and bear rallies continue to be used to sell liquidity out. There is still no stable setup for a long-term sustainable rally, we are not there yet. A risk-enhancing macro framework may be needed to see a return in trading demand.