[Bitcoin Now] On-chain transaction volume increases amid short-term adjustmentsโ€ฆ Mixed sentiment continues

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As of April 18, 2025, 3:30 PM

Bitcoin has stopped its consecutive rising trend and showed a short-term adjustment. Although some positive signals such as expanded trading volume and on-chain transaction volume appeared, the slowdown in network participation and low Stablecoin Supply Ratio (SSR) simultaneously show a wait-and-see and tense market sentiment.

๐Ÿ“ˆ Price is now

Price $84,719 (0.01%โ†“) Bitcoin is trading at $84,719, down 0.01% from the previous day. After a three-day consecutive rise, it has slightly declined, showing a potential short-term adjustment.

Trading Volume $2.089 billion (22%โ†‘) The trading volume in the past 24 hours increased by 22% compared to the previous day, totaling $2.089 billion. The increase in trading volume maintains some credibility of the rebound trend.

Daily Fluctuation Rate -0.31% Bitcoin closed with a 0.44% increase on the 16th and a 0.98% increase on the 17th, but has turned to a 0.31% decline on this day.

Asset Comparison S&P500 โ†‘ ยท Gold โ†“ The U.S. S&P500 index, which has a high correlation with Bitcoin, recorded 5,282.7, up 0.13%, while gold, a safe-haven asset, recorded 3,341.3, down 0.15%.

MACD 525.05 The short-term MACD is 525.05, maintaining upward pressure, but the weekly basis is -2,597.22, indicating a need for further confirmation of trend reversal.

โค๏ธ Investor Sentiment Now

Dominance 63% Bitcoin's market share based on market capitalization is 63%, slightly down from 63.1% the previous day.

Fear & Greed Index 32 (Fear) The CoinMarketCap Fear & Greed Index, which quantifies market investment sentiment on a 0-100 scale, pointed to 32. From 30 the previous day and 21 the previous week, the number has increased, showing a gradual recovery of sentiment.

Google Trend Score 36 The Google Trend score reflecting Bitcoin search volume has dropped from 42 to 36, showing a somewhat decreased public interest.

๐Ÿงญ Market Now

SSR 14.42 The Stablecoin Supply Ratio (SSR) increased slightly from 14.30 to 14.42. This is interpreted as still insufficient available funds in the market.

NUPL 48.37% The Net Unrealized Profit/Loss (NUPL), which shows the profit/loss ratio of all investors, is at 48.37%, indicating that most investors are in a state of unrealized gains and may be in a 'tension zone' where profit-taking sentiment can be reflected.

Exchange Balance 2,424,755 BTC The Bitcoin balance on exchanges has decreased by 0.1% in the last 24 hours and 0.48% in the last 7 days.

Exchange Net Inflow 221.5 BTC The net inflow from external wallets to exchanges is 221.5 BTC, which is about 70% lower than the previous day but still higher than the 7-day average. Selling pressure has somewhat decreased, but short-term buying inflow is still meaningfully maintained.

Active Wallets 1,281,676 The number of on-chain active wallets has decreased by 26.62% compared to the previous day, showing a slowdown in network activity.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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