Aug 24, 2025
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Bitcoin 30-Day Active Supply Indicates Slow Market Activity
The Bitcoin price recently fell below $112,000 and is currently around $115,000 after a brief uptick following US Federal Reserve Chairman Jerome Powell's speech. Market activity has slowed, indicating potential preparation for a significant price movement.
Current Insights on BTC Market Activity
- Bitcoin's 30-Day Active Supply metric suggests a decrease in market activity.
- A rise in this metric typically signals increased investor activity and potential price reversals.
- A decline indicates calmer conditions, with investors showing hesitation.
- Current on-chain data indicates the market may be consolidating before a possible upward move.
As of now, Bitcoin sits slightly above $115,000, reflecting a nearly 2% decline in the last 24 hours and over 2% down in the past week.
