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Bitcoin has been hovering around the $75,000 mark lately, with no significant movement. Looking at on-chain data, there seem to be some signals, but I need to analyze exactly what they are. I'm curious whether spot buying is decreasing now or if big players are just waiting on the sidelines.
At the current price level, there appears to be technical resistance, and on-chain activity isn't as lively as before. Whether this is a temporary correction or the start of a larger correction will become clearer after analyzing the data over the next few days. Has anyone else observed a similar pattern?