📉 Bitcoin activity at a low!

- The number of active Bitcoin (BTC) addresses has fallen sharply since the beginning of 2024, which is usually observed after peak prices.

- Avocado onchain: If address activity recovers, the price of BTC could also rise.

- BTC is trading at $56,666, the lowest since August 16.

- Experts believe that investors are switching to long-term storage and institutional investments.

Source: CryptoQuant