Bitcoin (BTC) continues to trade above the $84,000 mark despite a slight decline in momentum this week. After briefly touching higher levels of nearly $90,000, the asset has seen a 3.3% decrease over the past day, bringing its current price to roughly $84,222.
While price volatility remains a short-term concern, Bitcoin’s broader trend shows signs of consolidation within this range. Amid the movement from BTC’s price, on-chain analysts are offering insights into Bitcoin’s behavior beyond the surface-level price action.
Bitcoin Mean Coin Age and Supply Dynamics in Focus
A recent analysis by CryptoQuant contributor Onchained points to Bitcoin’s Mean Coin Age (MCA) as a crucial metric for understanding current market sentiment. The MCA represents the average
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