After Bitcoin recently failed to surpass $72,000, the investment sentiment of market participants is dying.

The number of Bitcoin active addresses indicates how many wallets are actively transferring coins. After reaching a peak in March, it has decreased significantly due to Bitcoin's correction and sideways movement over a period of about three months.

Bitcoin is like this, but the sentiment of altcoin investors, who have recently been sluggish, is bound to be even worse.

It is difficult to know the exact time, but the end of the adjustment period usually occurs when the psychology of market participants has significantly decreased, as it does now.

Ultimately, if Bitcoin sets a major direction first, altcoins will also move accordingly in the second half of 2024.

Written by Crypto Dan