[Analysis] "Bitcoin, Daily Active Addresses and Trading Volume Decline...Uncertainty in Sustaining Uptrend"

Suehyeon Lee

Summary

The daily active addresses and trading volume of Bitcoin have been confirmed to decline, raising uncertainty about the continuation of the uptrend.
Virtual asset analyst Ali Martinez stated that a surge in these indicators is necessary to confirm the continuation of the uptrend.
Bitcoin is reported to be trading at a state down 1.56% from the previous day on CoinMarketCap.

The daily active addresses and trading volume of Bitcoin (BTC) have shown a downward trend, raising questions about the sustainability of the uptrend.

On the 3rd (local time), virtual asset analyst Ali Martinez stated through his X (formerly Twitter), "The daily active addresses and trading volume of Bitcoin have declined over the past week. To confirm the continuation of the uptrend, a surge in these indicators is necessary."

Meanwhile, Bitcoin is currently trading at 9,6058.93 dollars on the CoinMarketCap, down 1.56% from the previous day. On the Upbit exchange, it is trading at 1,534,210 won, up 0.51% from the previous day.

BTC