The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Bitcoin price remains stuck below $72,000, as investor distribution, low whale activity, and declining network growth cast doubt on BTC's short term prospects.) price struggled to break above $72,000, as several key onchain metrics highlighted weakening demand for BTC, casting doubts on its upside potential.
Bitcoin investors shift to distribution as whales and smaller cohorts aggressively sell under weak market conditions. Bitcoin whale transaction count hits multi-year lows, as smart money waits for policy and geopolitical clarity.Bitcoin retakes $71K as US sends Iran 15-point ceasefire plan The drop in the trend score indicates a transition from accumulation to distribution across almost all cohorts. This shift mirrors a similar pattern observed in early 2025, which aligned with Bitcoin’s drop to $74,500 in April 2025. Additional data from Glassnode shows a “shift toward distribution or inactivity” among small to mid-sized entities holding less than 1,000 BTC.Bitcoin whale activity “historically quiet” Reflecting this distribution or inactive accumulation trend is Bitcoin’s whale activity, which has become “historically quiet,” according to Santiment. Last week, daily BTC transactions above $100,000 fell to just 6,417, the lowest since September 2023. Meanwhile, transfers exceeding $1 million dropped to 1,485, levels last seen in October 2024. This indicates that “smart money is reluctant to make moves with so much policy and global uncertainty at play,” Santiment added. Bitcoin’s inability to sustain the recovery is further evidenced by low network activity and less onchain demand. CryptoQuant’s Bitcoin network activity index, which tracks key indicators such as daily active addresses, total transactions count, and UTXO count, has been declining since August 2025.This aligns with weak onchain fundamentals such as liquidity and network growth as tracked by Bitcoin Vector’s fundamental index. The onchain data provider described the current market conditions as “stability without support,” rather than a healthy consolidation, adding: “As long as onchain conditions stay weak, upside looks increasingly dependent on flow, short covering, or external catalysts, not organic strength. If fundamentals don’t recover, this kind of divergence usually doesn’t support a sustained mid-term recovery.”Bitcoin’s hash rate, a metric that shows the level of mining activity, has dropped sharply over the last couple of weeks, meaning miners are shutting down machines. The hash rate has fallen to 813 EH/s on Wednesday, from 1.2 ZH/s on March 5, representing a 22% decrease.“Bitcoin miners are losing $19,000 on every coin they produce, and difficulty just dropped 7.8% as the miner exodus accelerates,” analysts at Token Metrics“If difficulty drops another 5%+ within the next 7 days, miner capitulation is accelerating and spot sell pressure will intensify.” This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK review recommends crypto donation pause over foreign interference riskThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Bitcoin ‘compression’ outcome may send BTC to $80K: AnalystThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Bitcoin rebounds during Iran war, but safe haven role unprovenThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Governments need CBDCs to improve financial inclusion among citizensThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Luffa integrates OpenClaw to enable DID-based onchain identity for AI agents and governable interactionThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »
Sigma.Money included in Binance Alpha Box, expands access to BNB Chain yield productsThe most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
Read more »