Part 9/13:
Simultaneously, Bitcoin’s network activity slows down, with new addresses decreasing and overall chain activity dipping. These signals point to a temporary cooling period after an aggressive rally, emphasizing the importance of patience for long-term holders.
Adoption, Leverage, and Future Prospects
Despite the recent turmoil, some bullish indicators remain. According to Woo Blockchain, Bitcoin adoption may be nearing 426 million holders, though skeptics suggest the true figure is closer to 50-60 million. If the higher estimates are accurate, growth in global adoption could bolster prices over time.