on-chain trading volume

According to reports, market analysis pointed out that although the BTC price has risen by nearly 50% so far this year, both the on-chain trading volume and the increase of active addresses lack the characteristics of bull market. Interpretation of this information: The message suggests that the recent surge in Bitcoin price, which has increased by almost 50% since the beginning of the year, does not reflect a bullish market trend. This is because the on-chain trading volume and active addresses have not shown significant growth, which are typical indicators…