Prominent crypto analytics firm Santiment is warning that many on-chain metrics for Bitcoin (BTC) should give reason for bulls to remain cautious. In a new blog post, Santiment says that Bitcoin’s network isn’t showing the same parabolic growth that it did in the bull market of 2021. The firm says that bull traps occur when prices are rising quickly, but utility is not, which they say is what happened in Q1 of this year. Santiment takes a look at the amount of activity of unique Bitcoin addresses on the world’s leading blockchain. The firm says Bitcoin doesn’t have the sameGo to Source
Author: NixCoin