TechFlow news: Cryptoquant analyst Crypto Dan said investor sentiment toward Bitcoin and other altcoins is weakening, especially after Bitcoin failed to break above $72,000.
The number of active Bitcoin addresses has significantly declined since peaking in March, indicating weakening investor sentiment among market participants.
Although the exact timing is difficult to determine, adjustment periods typically end when market participants' psychology drops substantially. Ultimately, if Bitcoin establishes a clear primary direction first, other altcoins will follow accordingly in the second half of 2024.
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