BITPRISMIA
The Bitcoin mempool is nearly empty, indicating reduced retail demand, while the price fluctuates between $105,000 and $110,000 amid market indecision.
The article discusses recent trends in Bitcoin's active supply and historical patterns, noting a 17% drop in active supply similar to a previous occurrence in September 2024, and explores potential implications for BTC's price.
Bitcoin's price is showing bullish momentum, nearing its all-time high, with key on-chain metrics indicating potential for further growth as active supply drops and demand builds.
The current Bitcoin bull market is unusual as network activity is declining despite the price surge, possibly due to increased investor preference for Bitcoin ETFs over direct holdings.