Following the price increase to $30,000, the Bitcoin [BTC] network has entered into a high-profit profit period
Rising optimism around a potential ETF application could serve as Bitcoin’s strength to resist the decline. But historically, this hike in realized profit is supposed to trigger a significant correction.Bitcoin
However, Adler noted that it might not happen this cycle due to the FOMO around the spot ETF applications and possiblenetwork has entered a High Profit Level period. Previous entries into this level significantly slowed growth and led to market corrections. However, due toAlthough the U.S. SEC has made it clear that the approval may be delayed until next year, many are still optimistic that one of the numerousAs a result, market players have committed to staying active in the market.
In another post on X , Adler noted that active addresses may continue to increase on the Bitcoin network. This metric serves as a measure of crowd interaction around a coin.
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