NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Why Bitcoin’s Network Activity Is Suggesting the Arrival of Major Price Action

Ali Martinez
Ali Martinez
1 year ago
3 mins read
bitcoin price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Market participants are becoming overwhelmingly concerned about a 22,000 BTC transaction that was made by the perpetrators of the PlusToken Ponzi scheme. The last time the individuals behind this scam moved such a significant number of tokens were back in mid-February.

During that time, roughly 12,000 BTC, worth $117 million, was transferred to an unknown address associated with mixer deposits. Following the transaction, Bitcoin peaked at a high of $10,500 and entered a downward trend that saw its price drop by nearly 70%.

Ergo, an on-chain data analyst, had previously noted that there is a strong correlation between the price of Bitcoin and PlusToken’s selling of coins.

For this reason, some of the most prominent analysts within the industry, including the head of DTC Capital Spencer Noon, believe that the most recent transaction by PlusToken could lead to a market crash. But is it realistic?

Bitcoin Prepares for a Major Price Movement

Different on-chain metrics support the idea the flagship cryptocurrency prepares for a significant downward impulse. The percentage of active coins, for instance, is currently declining while prices remain stagnant within a narrow trading range.

The last time this divergence between active tokens and price developed was in November 2018, which lead to a 50% correction. Bitcoin went from trading around $6,500 to approximately $3,200.

The Percentage of Active Bitcoin Declines Over Time. (Source: Santiment)

Moreover, the 30-day Market-Value-to-Realized-Value (MVRV) is currently hovering at critically low levels. This can indicate that those who purchased Bitcoin over the last 30 days are currently down 2.3% on their initial investment.

Meanwhile, the 365-day MVRV is “higher and closer to the danger zone,” affirmed Santiment. The behavior analytics platform maintains that historically long-term holders tend to close their positions around the current levels and begin to take profits triggering a downward impulse.

Bitcoin's MVRV Ratio Favors the Bears. (Source: Santiment)

An Ambiguous Outlook

With this in mind, the ascending triangle that has been developing on Bitcoin’s 12-hour chart over the past two months might break to the downside. Moving past the hypothenuse of the triangle will invalidate any bullish outlooks and present an opportunity for sidelined investors to get back into the market.

Under such conditions, the downswing could trigger a sell-off that pushes Bitcoin to $7,700 or lower upon the breakout point.

Bitcoin US dollar price chart

Bitcoin Is Contained Within an Ascending Triangle. (Source: TradingView)

It is worth mentioning that breaking above the overhead resistance at $10,000 will make the bearish scenario out of the question. If this were to happen, a state FOMO among investors may be triggered. That would allow Bitcoin to rise towards $12,000 based on the technical pattern shown above.

Due to the ambiguity of the market, it remains to be seen whether support or resistance will break first.

Featured Image from Shutterstock
Price tags: btcusd, xbtusd, btcusdt
Bitcoin's Network Activity Declines Suggesting Major Price Movement
Tweet123Share196ShareSend
Ali Martinez
Ali Martinez

Ali Martinez

Ali began forex trading in 2012. In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin. Now, he is a content producer for some of the leading media outlets in the cryptocurrency industry.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

How a Single Burn Sparked a Frenzy: $FUN Skyrockets Towards 500% After 25 Million Tokens Burn

Few events in crypto can ignite a market rally quite like a well-timed burn. For FUNToken, the June 24 announcement...

NewsBTC 2 hours ago
Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive

Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive

Bitcoin volatility is back on the rise after a dramatic week of price action. On Monday, BTC surged to a...

Sebastian Villafuerte 3 hours ago
Uniswap COO Exits After $73B Surge — What It Signals for DeFi and Best Presales.

Uniswap’s $73B Growth Fuels Optimism for DeFi and the Best Presales After Leadership Change

Mary-Catherine Lader just stepped down as President and COO of Uniswap Labs after a four-year run that transformed the platform...

Aaron Walker 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Deepseek crypto prediction despre proiecte cu potențial

Elvira C. 44 minutes ago
MicroStrategy

Beyond MicroStrategy: Top 10 Crypto Treasury Stocks to Monitor

PR Desk 1 hour ago
Ethereum

Ethereum Rips Through Thin Zone: A Loud Move After Weeks of Silence

Godspower Owie 1 hour ago

Premium Sponsors

Press Releases

  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    2 rendkívül magas árfolyamú kriptovaluta, amelyeket...

    7 minutes ago
  • 2 криптовалути с небесни оценки...

    3 hours ago
  • 仮想通貨プレセール|ビットコイン向け最速かつ唯一の本格レイヤー2が300万ドル突破

    ...

    3 hours ago
  • 2 rendkívül magas árfolyamú kriptovaluta, amelyeket érdemes lehet kockáztatni

    ...

    3 hours ago
  • 新しい仮想通貨|ビットコインの強気相場に乗るための注目トークン

    ...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.