The number of active addresses in Bitcoin has increased, with a peak of 912,300 on February 28. The most recent instance of this level was on December 16, 2024, when Bitcoin was quoted at $ 105,000, Glassnode data shows.
Merchants are closely monitoring the result of this increase, which some analysts interpret as precursors of a possible market change.
Number of active BTC addresses. Source: Glassnode
The market prepares for potential capitulation
Capitulation is a phrase that refers to price changes that occur when investors are sold in trouble. The last fall in Bitcoin below $ 84,000 has generated concerns, since a withdrawal below this level could lead to more than $ 1 billion in leverage long settlements, Coinglase data show.
Previously, similar events occurred in the market. The sale of panic often indicates a fund before returning when it reaches its peak. This could be a decisive moment for Bitcoin if it follows the previous trends.
BTC exchange liquidation map Source: CoinGlassÂ
Active addresses increase as the market fits
The growing active direction count suggests that more people are moving Bitcoin. This could mean that merchants are reacting to changes in the market or reorganizing their assets. Whether favorable or negative, this trend is evident before notable changes in the market.
Important events in Bitcoin’s prices behavior have aligned with the years of increasing the network. Merchants keep a tight eye to see if this increase in directions causes a rally or more falls.
Bitcoin Key signs of the metric overwhelming conditions
The market score market value (MVRV) of Bitcoin is among other important reference points. On March 1 he saw this metric in 2.01. A lower score would indicate a possible background, since it implies that the asset is now reaching survey levels.
When the MVRV Z-SCore crosses the over-sales area in the past, the price of Bitcoin has been reversed. Although it is not a guarantee, speculators consider this data point when evaluating the address that will travel the market.
Support and resistance levels are crucial
Bitcoin’s capacity to maintain a price for more than $ 80,500 will determine its stabilization or continuation of the slide. If prices fall below $ 84,000, there is likely that there is much more reduction since the liquidations could increase the pressure.
At the same time, the development of a recovery could be derived from the strong purchase interest at these levels. Since they know that a rebound could provide the market with a new impulse, many merchants are closely tracking these price points.
As Bitcoin negotiates this uncertain phase, the technical indicators and the mood of investors will probably affect their next movements. If the Alpha currency finds a background or suffers more drops will depend a lot on the next few days.
It is likely that both the technical signs and how investors feel affect the next Bitcoin movements as it advances through this challenging phase. The next few days will be very important to determine if it reaches the bottom or continues to fall.
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