Bitcoin’s onchain activity has declined for six consecutive months, a pattern not seen since before a notable 30% price correction in 2024. The sustained drop in onchain metrics could signal potential market shifts, echoing downturns observed in past cycles. Analysts are closely monitoring these developments to gauge implications for Bitcoin’s price trajectory. It remains to be seen whether the onchain weakness will translate into price action.
While historical cycles provide context, current conditions require careful interpretation, as traders weigh whether the weakness will foreshadow a new trend or simply reflect cyclical noise. Market participants will be watching for corroborating signals in coming weeks, including exchange flows and macro indicators, to determine the true impact of the onchain weakness on Bitcoin’s price path.
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