🐂 Bitcoin’s Dip Might Be a Fakeout: On-Chain Data Still Screams Bull Market

BTC slipped 10% from its 124K high, now chilling at 112K. But under the hood, the network is buzzing and sellers are MIA. Translation: the bull cycle could just be catching its breath.

⚡ Quick Hits

• 📉 124K → 112K — BTC dropped 7.5% in 2 weeks
• 👥 919K daily active addresses — stable since 2023, flirting with 1M
• 🏦 Exchange inflows = lowest since May 2023
• 🎯 On-chain models: 150K–200K if addresses cross 1M
• 🚨 Risk zone: 80K–90K if activity tanks

🔍 The Hidden Signal: Active Addresses

Forget short-term charts. One of Bitcoin’s most reliable long-term signals has always been network activity.

• Current baseline: 919,000 daily active addresses
• Why it matters: sustained high activity = sticky user base = bullish floor
• History check: each BTC mega rally (2017, 2020–21) lined up with surging addresses

👉 If Bitcoin daily actives smash through 1M again? Analysts say price targets of 150K–200K unlock. Drop off? Expect a revisit to 80K–90K.

🏦 Exchanges Are Starving

On-chain flows tell another story: nobody’s rushing to dump.

• 30-day moving average inflows → lowest in 15 months
• Coinbase: U.S. whales aren’t moving bags
• Binance: global degens showing similar restraint

This means fewer coins hitting exchanges → less sell pressure → more rocket fuel for the next leg up.

🧩 What It Means for You

• Short-term traders: expect volatility and fakeouts.
• Long-term holders: the bull case is alive, supported by sticky adoption and tight supply.
• Big picture: dips like this are less “end of cycle” and more “mid-cycle cooldown.”

As CryptoQuant analysts frame it: Bitcoin looks less like it’s topping out — and more like it’s coiling up.

🌐 The Bigger Picture

• Bitcoin’s 124K top → 112K dip is noise compared to the on-chain resilience.
• A supply crunch + sticky demand = the classic recipe for parabolic extensions.
• Institutions are watching the 100K support, but whales still look unbothered.

Bottom line? The bull market is intact — don’t let the candles fool you.

✍️ TL;DR

Bitcoin’s 10% pullback isn’t the end of the bull run. On-chain data shows 900K+ daily active addresses and record-low exchange inflows, signaling sticky adoption and constrained supply. If activity crosses 1M addresses, expect targets of 150K–200K. If adoption falters, a dip toward 80K–90K is possible. For now? The fundamentals still scream bull cycle.