Bitcoin is trading just 5% below its ATH, but the increase in Liveliness shows that long-term holders are cashing out, indicating concerns about profit-taking.
A sharp decline in new wallet addresses suggests waning interest from new investors, reflecting caution and possible market fatigue.
BTC must maintain $106,265 to keep its bullish outlook; if it fails to do so, it could experience a short-term drop to $102,734.
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