BTC Activity Is FAKING It: The Hype Train is Running on Fumes 📉
This isn't a technical setup; this is a deep dive into market psychology and underlying network health, leaning towards Scenario B (Macro/Fundamental Analysis) due to the focus on long-term activity trends versus immediate price action.
The illusion of life in $BTC is shattering under scrutiny. Since January 2023, actual network transfer volume has been in a steady, brutal decline. That’s the cold, hard data. 🧐
Even as prices soar, the underlying utility isn't recovering, proving this rally is fueled by pure speculative addiction, not organic adoption or fundamental belief. It’s FOMO dressed up in ETF wrappers and media noise.
Holders are trapped in a psychological loop, clinging to bags waiting for a mythical exit price, mistaking price action for network health. This market isn't growing; it's performing a highly leveraged spectacle.
#CryptoAnalysis #BTC #MarketTruth
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