The increase in Bitcoin activity suggests a market fund, potential reversal

Active bitcoin addresses are reaching a maximum of three months, indicating a potential cryptography market capitulation that can organize a price reversion of the last correction.

Active addresses in the bitcoin network increased to more than 912,300 on February 28, a level not seen since December 16, 2024, when bitcoin (btc) quoted for around $ 105,000, <a target="_blank" data-ct-non-breakable="null" href="https://studio.glassnode.com/charts/addresses.ActiveCount?a=btc&s=1733130767&u=1740906767&zoom=90″ rel=”null” target=”null” text=”null” title=”null”>Glass node The data show.

The increase in active addresses may indicate a “capitulation moment” for the cryptography market, <a target="_blank" data-ct-non-breakable="null" href="https://x.com/intotheblock/status/1895529970677526669/photo/1″ rel=”nofollow noopener” target=”_blank” text=”null” title=”https://x.com/intotheblock/status/1895529970677526669/photo/1″>according to the cryptogock intelligence platform. The firm scored in a February 28 publication in x:

“Historically, peaks in the chain activity have often coincided with the peaks and market funds, driven by panic vendors that come out and opportunistic buyers.”

“While no unique metric guarantees a price reversion, this increase suggests that the market could be at a crucial turning point,” the publication added.

In financial markets, capitulation refers to investors who sell their positions in a panic, which leads to a significant decrease in prices and indicating an imminent fund before the start of the following upward trend.

Related: ATSA 2025: “Most Altcoins do not succeed,” says CEO Cryptoquant

bitcoin must be maintained above $ 80,500 to avoid additional losses

bitcoin's capacity to remain above the threshold of $ 80,500 can act as a “potential catalyst for market stabilization”, according to Stella Zlatareva, office editor of the Nexo digital asset investment platform.

Zlatareva told Cointelegraph:

“The options data indicate that btc's capacity to recover $ 80,500 will be a key factor in the short -term impulse. A rupture above this level could pave the way for a greater rise, while a failure to establish it as support can lead to more evidence in the inconvenience. “

Related: Trump will be the host of the first cryptographic summit of the White House on March 7

Even so, bitcoin can visit this crucial support again if its price decreases below $ 84,000.

A possible correction below $ 84,000 would trigger more than $ 1 billion in long vents leverage in all exchanges, Horn The data show.

Despite short -term volatility, the price of bitcoin is closer to forming a market fund than to reach a local top, according to the bitcoin market value for the Z value of the value made (MVRV), a technical indicator used to determine if an asset is in excess or an overene.

bitcoin's Z MVRV score stood in 2.01 on March 1, indicating that the price of bitcoin approaches the green territory at the bottom of the table, increasingly overene, <a target="_blank" data-ct-non-breakable="null" href="https://studio.glassnode.com/charts/market.MvrvZScore?a=btc&zoom=all” rel=”null” target=”null” text=”null” title=”null”>Glass node The data show.

https://www.youtube.com/watch?v=q980_6djfyu

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