Crypto Driver

08/10 04:01

Bitcoin’s price eyes new ATH – But THIS gap could

Bitcoin’s price eyes new ATH – But THIS gap could slow BTC’s rally

Bitcoin’s rally gains strength with scarcity metrics and miner support, but network activity must improve.

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Bitcoin prices were near its ATH with Z-Score at +1.5σ, miners limiting supply, S2F up 75%, and address growth climbing. Yet, BTC network activity still trails price, leaving the rally’s durability in question.

Bitcoin [BTC] hovered near its all-time high, with the BTC Z-Score at +1.5σ – strong, but below the +2.5σ “overheating” mark.

Naturally, this leaves room for further upside before momentum risks becoming stretched.However, the Activity–Price Divergence (APD) remained at -1.5 after rebounding from -2, highlighting that price growth is still outpacing on-chain activity.

The gap between price and network fundamentals has narrowed but not closed. 

#Will Bitcoin fall in August?#HTX Crypto Gifts Carnival Is Live!#Win 200 USDT: Is ETH Kicking Off Altcoin Season? #Do you think TREE is promising?

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