Onchain analysis suggests there’s no major threat so far coming from collapse of Active Addresses crash or NUPL risk over 0.75 ratio for the unrealized mcap. Until those appear combined, bull market is safe. Also, April and May historically were about altcoins springing left and right while btc chilled. That may repeat to some extent this time as well. Keep your eyes open for alts for the following weeks as the BTC dominance index declines.
