Bitfinex analysts say BTC is in “transition”

The number of Bitcoin wallets with non-zero BTC balance recently hit a new all-time high of 45.388 million. However, daily active addresses and daily confirmed transactions have fallen. Bitcoin price remains bullish but analysts urge caution as on-chain metrics indicate weakness amid renewed correlation with S&P 500. Bitcoin price currently trends above$28,300, about 0.7% higher […]