Is a Market Cool-Off Ahead?
The post Is a Market Cool-Off Ahead? appeared on BitcoinEthereumNews.com. Bitcoin stayed on its upward path this past week, even as a few warning signs started flashing under the surface. With institutional demand still solid and retail activity cooling off, the market seems to be moving into a distribution phase. Market analyst Axel Adler Jr has explained what the latest on-chain data and market signals reveal about where BTC might head next. Active Wallets See a Drop One of the more eye-catching stats from the week was a clear decline in Bitcoin’s active wallet count. Over the last seven days, the number of active addresses fell by 6.56%, dropping from 8.62 million to about 8.06 million. This kind of reduction often points to retail traders pulling back, perhaps locking in profits or stepping aside from short-term speculation. It’s a classic sign that the market is consolidating, leaving room for the bigger players to take control. Bitcoin’s Hashrate Slips Slightly, Network Stays Secure Bitcoin’s network hashrate experienced a minor dip of around 1.4% this week. While the hashrate fell from roughly 864.8 EH/s to 852.7 EH/s, the move is seen as routine, likely tied to seasonal maintenance or miner reshuffling. The important takeaway is that network security remains rock-solid despite the small fluctuation — nothing concerning here for long-term holders. Market Cap Climbs as Bitcoin Hits New Local High Bitcoin’s price edged up 3.48% over the week, closing in on $107,839.92. That pushed the total crypto market capitalization up by 4.5%, surpassing $2.14 trillion. The steady price growth has allowed BTC to test and set new local highs, driven in large part by consistent institutional inflows, even as retail engagement cools. No Major Peak Yet, But Momentum Is Slowing Other important market cycle metrics, like the Bitcoin Peak Signal — which has historically called tops in 2013, 2017, and 2021 —…
The post Is a Market Cool-Off Ahead? appeared on BitcoinEthereumNews.com.
Bitcoin stayed on its upward path this past week, even as a few warning signs started flashing under the surface. With institutional demand still solid and retail activity cooling off, the market seems to be moving into a distribution phase. Market analyst Axel Adler Jr has explained what the latest on-chain data and market signals reveal about where BTC might head next. Active Wallets See a Drop One of the more eye-catching stats from the week was a clear decline in Bitcoin’s active wallet count. Over the last seven days, the number of active addresses fell by 6.56%, dropping from 8.62 million to about 8.06 million. This kind of reduction often points to retail traders pulling back, perhaps locking in profits or stepping aside from short-term speculation. It’s a classic sign that the market is consolidating, leaving room for the bigger players to take control. Bitcoin’s Hashrate Slips Slightly, Network Stays Secure Bitcoin’s network hashrate experienced a minor dip of around 1.4% this week. While the hashrate fell from roughly 864.8 EH/s to 852.7 EH/s, the move is seen as routine, likely tied to seasonal maintenance or miner reshuffling. The important takeaway is that network security remains rock-solid despite the small fluctuation — nothing concerning here for long-term holders. Market Cap Climbs as Bitcoin Hits New Local High Bitcoin’s price edged up 3.48% over the week, closing in on $107,839.92. That pushed the total crypto market capitalization up by 4.5%, surpassing $2.14 trillion. The steady price growth has allowed BTC to test and set new local highs, driven in large part by consistent institutional inflows, even as retail engagement cools. No Major Peak Yet, But Momentum Is Slowing Other important market cycle metrics, like the Bitcoin Peak Signal — which has historically called tops in 2013, 2017, and 2021 —…
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