Axel Adler's ๐ Warning: Market Crash Echoes ๐จ
Axel Adler from CryptoQuant is sounding the alarm! ๐ They've noticed that the number of active addresses on the #Bitcoin network has dropped to levels last seen during the market crash of July 2021, following the Chinese mining ban. ๐ข
What does this mean? ๐ง Well, it's a bit of a red flag for us. ๐ฅ๐ When fewer people are interacting with the network, it can signal a loss of interest or confidence. ๐ฆ
Remember the rally after the 2021 crash? ๐ That's right! $BTC bounced back from $30k to over $65k in just five months. So, while this might seem scary, it's important to remember that the market can be unpredictable. ๐๐
Stay tuned! The crypto world is full of surprises. DYOR! ๐ฟ #Bitcoin #MarketAnalysis #CryptoQuant #BTC
Thanks Axel for sharing insights!! ๐