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Bitcoin’s Active Surge: A Potential Market Reversal

Bitcoin’s active addresses have surged past 912K—a level last seen in December 2024—suggesting a potential market turning point following recent corrections. Technical indicators and critical support levels now point to a possible rebound.

• Main Points:

  • Active addresses exceed 912K, a record not seen since December 2024.

  • Historical spikes in on-chain activity have preceded market bottoms and peaks.

  • Maintaining Bitcoin above $80,500 is key for market stabilization.

  • A dip below $84K risks triggering over $1B in liquidations.

  • MVRV Z-score nearing 2.01 signals an increasingly oversold market.

• Detailed Insights:

  • Bitcoin’s active addresses reached over 912,300, a December 2024 record.

  • Historical data shows on-chain activity often precedes market peaks and bottoms.

  • Maintaining a price above $80,500 is crucial for market stabilization.

  • A drop below $84K may trigger over $1B in leveraged liquidations.

  • MVRV Z-score of 2.01 signals Bitcoin nearing an oversold support zone.

  • Investors should monitor active addresses and key price levels for recovery.

Related: Kiyosaki’s Bold Pivot: Real Bitcoin Over Bankster Scams

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Swiss Central Bank Dismisses Bitcoin for Reserves

SNB chief Martin Schlegel rules out Bitcoin for reserves, citing volatility and liquidity issues amid rising crypto risks and a pending referendum.

• Main Points:

  • SNB chief Martin Schlegel deems Bitcoin too volatile for reserves.

  • Central bank stresses reserves must be stable and highly liquid.

  • Cryptocurrencies seen as niche, speculative assets with security concerns.

  • A popular initiative seeks to include Bitcoin in Swiss reserves.

  • Market pressures and tariffs have recently pushed Bitcoin below $80K.

• Detailed Insights:

  • Schlegel says Bitcoin is extremely volatile and hard to manage.

  • Reserves must be liquid; crypto’s low liquidity disqualifies it.

  • Cryptocurrencies remain a niche phenomenon, used mainly for speculation.

  • A referendum initiative aims to mandate Bitcoin in SNB’s reserves.

  • Macro pressures and tariffs have spurred recent significant crypto losses.

Related: XRP Surges 8%: Ripple Lawsuit Hope Ignites Recovery

Bitcoin Rallies Almost 10% as White House Sets Crypto Summit Date

Bitcoin, Ethereum, and XRP rebound sharply amid regulatory optimism and White House summit news, sparking a robust market recovery.

• Main Points:

  • Bitcoin rebounds to $85,372 with a 7.41% gain over 24 hours.

  • Ethereum climbs 6.61% to $2,231.66; XRP surges 9.2% to $2.18.

  • Total crypto market cap increases 6.31% to $2.83 trillion.

  • The White House Crypto Summit is scheduled for March 7.

  • Regulatory clarity and industry leadership are boosting investor sentiment.

• Detailed Insights:

  • White House summit confirms renewed focus on digital asset innovation.

  • Trump’s current administration aims to reshape crypto regulation and oversight.

  • Industry leaders will discuss clearer rules and market stability enhancements.

  • Recent SEC actions have significantly boosted investor confidence in cryptocurrencies.

  • Technical rebounds signal strong recovery potential amid growing regulatory optimism.

  • Rally follows a volatile week, underscoring market resilience and sentiment.

Related: Crypto Rally: Summit Hype, SOL Unlock & Strategic Moves

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results