News Flash:
- Active Addresses🟣 (sending/receiving) 30MA and Open Interest⚫ indicators show an uptrend since early September;
- Even though BTC price is moving sideways, Open Interest is also increasing, indicating increased market demand;
- Last May🟥's rise was likely due to a wave of Inscriptions and BRC-20 tokens, not investment demand;
- Open Interest at that time did not increase significantly, because inscription-related users often used addresses repeatedly;
- May to mid-June, BTC price fell by about -13 to 14%, the number of sending addresses increased, only a few investors accumulated BTC;
- The recipient's address is reduced, indicating a decrease;
- Now, shipping and receiving are showing an upward trend although weak, increasing the possibility of price fluctuations;
- This situation is considered positive amidst dry liquidity and calm on-chain indicators.