Bitcoin News Today: On‑Chain Metrics Hint at Next Wave of Selling Pressure

The post Bitcoin News Today: On‑Chain Metrics Hint at Next Wave of Selling Pressure appeared first on Coinpedia Fintech News

Bitcoin is once again showing signs of entering a strong rally, but this time, the signals are coming from its on-chain data rather than just price action. Bitcoin’s hidden supply is waking up again, and it could mean something big for what’s next.

Verified CryptoQuant analyst Axel Adler Jr. recently highlighted fresh signs in Bitcoin’s % Supply Active chart that could tell us where this market is headed next. 

So, what’s happening?

CryptoQuant’s verified on-chain analyst Axel Adler Jr. says the share of Bitcoin’s active supply in the past 180 days is starting to rise. When this number goes up, it means coins that were sitting still for months or even years are now moving again. 

This usually points to more selling or holders spreading out their coins as prices go higher.

This could mean the market is getting ready for an early wave of selling, which might help push Bitcoin’s next move past $120,000.

The share of coins active over the last 180 days (% Supply Active) sharply increased twice in past macro cycles: first to 20 % when BTC climbed to $70,000 in spring 2024, and then in December 2024 to 18 % upon the first breach of the psychological $100,000 mark. This… pic.twitter.com/krgvTcoxvL