After a sudden wave of bassist market, Bitcoin It seems to have lost its ascending impulse as the badge active abruptly fell to the key support levels, which could influence its price and market dynamics. Although the bearish pressure has been strengthened, it has not hindered the growth of the Bitcoin network activity.
Bitcoin chain activity becomes wild
The price of Bitcoin is to exhibit a bearish performance, but its network activity has shown remarkable growth in recent days. A recent one report De Santiment, a leading data analysis platform in the chain, reveals that the BTC block chain is thriving this week, as the chain activity improves.
This new Blockchain energy burst suggests a solid commitment and interest of users. It also reflects a growing bullish conviction between long -term and New playerswhich can announce the beginning of a more active market period.
After weeks of slow activity, Key metric such as newly active addresses and circulated currencies have increased considerably. According to Santiment, it is observed that recent increases in these areas are the highest daily network growth peaks and currency circulation of the year.
The platform data shows that more than 556,8830 wallet addresses were created on May 29, marking its upper level since December 2, 2023. Meanwhile, on June 2, the Bitcoin network witnessed its largest day of circulation since December 8, 2024, with 241,360 circulated coins.
Santiment stressed that growth in BTC chain network activity It is generally positive for the insignia active. Therefore, the platform argues that development is crucial to monitor closely as the broader cryptography market ranges.
These peaks coincided with the bearish pressure, which caused BTC to move just below the Price brand of $ 105,000. However, the active badge has now lost this level completely, which caused a continuation of the current downward trend to the next critical price points.
While the price of BTC has fallen well below the level, Ali Martínez, a cryptographic analyst and in the chain, has indicated Two key areas at $ 103,250 and $ 101,000 that act as crucial support areas. Currently, Bitcoin has fallen near the area of $ 103,250, leaving $ 101,000 as the next strong support area to take into account.
The main BTC investors exhibiting a bullish feeling
Although BTC has decreased along with a market reducing action, the upward feeling is beginning to return among the higher investors. Glassnode, a financial platform and data in the chain, reported This change in the behavior of large investors, which indicates a renewed interest in BTC.
The platform stressed that the largest investors, those with 10,000 BTC and more, are returning in the accumulation game after leaning briefly towards the distribution. Such growing purchase pressure between these whales It implies institutional confidence in Bitcoin’s long -term perspectives.
The data show that all wallet cohorts exhibit different levels of purchase, with the strongest activity between the 10-100 BTC and <1 BTC groups. The BTC trend accumulation score reveals that these cohorts have a score of 1.0, which is the highest possible level.
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