EchoingDesires
@echoingdesires
Judging from the number of on-chain transactions alone, Bitcoin on-chain activity has also fallen to levels not seen in months, indicating a cooling-off period or a decline in short-term interest. The reduction in the number of transactions also seems to mean a decline in speculative activity. If long-term holders are not selling and new capital inflows are limited, the market may be entering an accumulation phase.
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