Compared with a quarter ago, the 30-day moving average remains above the 90-day moving average, pointing to a still-intact local expansion in network activity.

How long this regime can persist remains uncertain.
However, if we look at the current market structure outlined in the latest ☕️Adler AM#122, a move toward the nearest resistance level would likely trigger increased activity from short-term holders seeking to exit at breakeven or with minimal losses.