Bitcoin’s on-chain activity is experiencing a significant uptick, marking the first sustained growth of this scale since 2021. Daily active addresses are nearing 1 million, highlighting renewed interest in the cryptocurrency. https://twitter.com/intotheblock/status/1861338230676721786?t=Ut54ItPXiZ7fGUf1Wsdpzw&s=19 One factor contributing to Bitcoin’s recent retracement is elevated funding rates, which signaled excessive leverage in the market. However, these rates have now largely normalized, suggesting that the leverage flush may be over, creating a more stable environment for future price movement. https://twitter.com/intotheblock/status/1861395869729227162?t=Ut54ItPXiZ7fGUf1Wsdpzw&s=19 Despite Bitcoin’s price rally, the Korea Premium Index remains below -0.5, indicating subdued retail participation. Historically, this index tends to spike before Bitcoin reaches its
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