He points to a stabilization in average transfer volumes—a key on-chain metric—as a sign the market is currently in a balanced holding pattern.

After hitting a high of $110,000 earlier this year, Bitcoin’s network activity surged, with average transfer volumes peaking at $67 billion. Since then, the figure has eased to around $58.7 billion, placing it squarely in the middle of a range that has historically signaled market equilibrium.

Adler highlights that since January 2024, network transfer volumes have moved within a band of $40 billion to $80 billion. This range, he argues, now acts as a gauge of network health and investor commitment. Notably, previous spikes toward the $80 billion threshold have aligned with Bitcoin’s major price tops—around $70K and $100K—while dips toward $40 billion have corresponded with temporary slowdowns that were often followed by renewed buying interest.

At present, the network sits in a “balance zone,” reminiscent of mid-2021—a period of consolidation that preceded sharp movements. Adler views this as a sign of market indecision rather than weakness.

He notes that if volume climbs past the $80 billion level again, it could indicate strong capital inflows and renewed bullish momentum. However, a drop below $40 billion would be a more concerning signal, potentially suggesting waning demand and a broader correction in the making.

Adler also reminded followers that he publishes weekly insights covering on-chain trends, macroeconomic developments, futures data, and key headlines—all aimed at helping investors navigate the evolving Bitcoin landscape.

The post Bitcoin Network Activity Signals Calm Before Next Move, Says Analyst appeared first on Coindoo.

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Filed under: Bitcoin - @ July 1, 2025 10:31 am