**Crypto Market Analysis: 📊📉 #BTCPriceTrend**

Jamie Coutts, a cryptocurrency market analyst at Bloomberg Intelligence, notes that this year, BRC-20 tokens and Ordinals have influenced some on-chain indicators. Despite the distortion, a decrease in Active Addresses (AA) generally isn't positive for the price. Coutts suggests that the gap between price and AA aligns with market expectations for the listing of a BTC spot ETF and liquidity transition, indicating growth. However, he emphasizes that significant price movements will be crucial, stating, "Until BTC breaks through the $31,000 resistance or breaks away from the $24,000 support, everything is just noise." 📈🔍 #CryptoMarketAnalysis