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Quiet mempool and flat volume could mean limited fuel for Bitcoin’s breakout above $100k

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Quiet mempool and flat volume could mean limited fuel for Bitcoin’s breakout above $100k

With Bitcoin attempting to break the crucial $95,000 to $96,000 threshold, it faces significant headwinds rooted in an increasingly dormant on-chain environment. Although the price has hovered optimistically close to the critical $100,000 barrier, stagnant blockchain activity metrics show certain vulnerabilities that could hinder further upside. According to data from Checkonchain, daily on-chain transfer volume remains near the $10 billion mark…

5 days ago

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