Aug 28, 2025
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Bitcoin Trades at $112,000 Following 7.5% Decline from Record High
Bitcoin (BTC) is currently trading at $112,047, down 7.5% over the past two weeks after failing to maintain momentum following its peak above $124,000. Analysts are evaluating on-chain metrics to determine if this decline is a temporary pause or a sign of an overarching correction.
Active Address Growth Signals Resilient User Base
- High active addresses suggest stable network usage despite price drop.
- Historically, active addresses correlate with market cycles; spikes align with price peaks.
- Daily active addresses have stabilized between 900,000 and 1 million, currently at approximately 919,000.
- Sustained activity may support Bitcoin’s value, with potential targets of $150,000–$200,000 if maintained above 1 million addresses.
- A decline in address activity could lead to a price drop towards $80,000–$90,000.
Bitcoin Exchange Inflows Reach Multi-Year Lows
- Bitcoin's 30-day moving average of exchange inflows has hit its lowest since May 2023.
- Low inflows indicate reduced selling pressure as fewer coins are transferred to exchanges.
- Decreased inflows on Coinbase and Binance suggest diminished selling from large holders.
- Lower inflows combined with rising prices may signal a constrained supply environment, potentially supporting higher valuations.
