Quiet mempool and flat volume could mean limited fuel for Bitcoin’s breakout above $100k
Market neutrality and lackluster transaction demand pose hurdles for Bitcoin's breakout.
Bitcoin finds itself at a crucial juncture as it attempts to breach the monumental $95,000 to $96,000 threshold. Despite hovering tantalizingly close to the $100,000 landmark, the underlying blockchain activity reveals critical weaknesses. Transaction volumes and active addresses have plateaued, thwarting fresh momentum and leaving Bitcoin reliant on existing holders. With market enthusiasm waning and exchange flows remaining neutral, the question looms: Will Bitcoin break past $100,000, or is a downturn to $86,000 more likely? Dive deeper to discover