Crypto News

Bearish Sentiment on the Rise Crypto markets have been experiencing a significant downturn, with Bitcoin (BTC) leading the way in terms of price drops. This has caused a lot of concern among investors and traders, as the market sentiment continues to turn bearish. In fact, on-chain indicators are pointing towards a direction that does not favor a lot of BTC holders. Decreasing Number of Active Addresses One of the key on-chain indicators that suggest a bearish sentiment is the decreasing number of active addresses on the Bitcoin network. This means that there are fewer people actively using and transacting with BTC, which can be a sign of decreased interest and demand. This is especially concerning when coupled with the recent drop in BTC's price. Increase in Exchange Outflows Another worrying sign is the increase in BTC outflows from exchanges, indicating that more investors are withdrawing their BTC from trading platforms. This could potentially mean that people are l...