The post Sharp Volume Spike and Active Address Plunge Trigger Market Whiplash! appeared first on Coinpedia Fintech News
Bitcoin’s price is down by 1.85% today, with a surge in transfer volume by 140.74% to 799,481 Bitcoins. Thus, it indicates a large-scale profit-taking following yesterday’s 2.39% recovery. Simultaneously, a 54.52% decrease in active addresses to 1,147,352 suggests a drop in market participation. This combination will likely pressure the Bitcoin price downward as major holders possibly move to secure profits.