@qcacoqcqa
On-chain data for Bitcoin and Ethereum, such as active addresses and transaction volume, can provide insights into market trends. If the number of active addresses increases, it may indicate growing user interest and adoption. Similarly, rising transaction volume can signal higher market activity and potential price movement. A surge in active addresses and transaction volume often correlates with bullish trends, as more participants enter the market. Conversely, a decline in these metrics may indicate waning interest and potential consolidation or downward pressure. Monitoring these on-chain indicators can help anticipate possible market shifts.
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