Cryptocurrency markets are rebounding from an overnight dip that saw Bitcoin go as low as $78,300.
Notable Statistics:
- IntoTheBlock data shows large transaction volume decreasing by 26.1%. Daily active addresses grew by 6.3%. Transactions greater than $100,000 are down from 13,305 to 12,754 in a single day. Exchanges netflows are down by 148.7%.
- Coinglass data reports 233,253 traders were liquidated in the past 24 hours for $1.01 billion.
- IntoTheBlock data shows Bitcoin's active addresses reached the highest daily level since December 2024. Spikes in on-chain activity coincides with market peaks and bottoms. This surge implies the market could be at a crucial turning point.
Notable Developments:
- Bitcoin’s 24% Correction ‘Mostly Technical’ Say Experts
- The Real Reason Why Bitcoin Is Down 14% In 7 Days (And May Go Down More)
- Bitcoin Will Still Hit $500,000 Before Trump Leaves Office, Standard Chartered Analyst Maintains
- BitVM Integration Unlocks Bitcoin’s $1.9 Trillion Liquidity Across Five Major Blockchains
- Michael Saylor Presents ‘Digital Assets Framework’ To House Committe, Pitches For US Supremacy In Bitcoin, Crypto
Top Gainers:
Trader Notes: BTC has fallen 19% over the past week, prompting trader Altcoin Sherpa to question whether a short-term recovery is possible.
Santiment data highlights how traders consistently misjudge BTC's direction. Mentions of $70,000-$75,000 (bearish) and $90,000-$95,000 (bullish) indicate that when traders expect BTC to rise, it falls—and vice versa.
Trader Blockchainedbb points to liquidity above $107,000, with $110,000 as the next major profit-taking zone. Meanwhile, CrediBULL Crypto sees relief after BTC tagged $79,000, expecting a base to form between $74,000 (HTF demand) and $94,000-$99,000 (local supply) before a full reversal.
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