With large companies buying more BTC, traders are now watching to see if the recent drop in online trading activity will reverse.
Large players show continued interest in BTC
Recent news highlights continued buying from major figures like Michael Saylor
, alongside ecosystem developments such as a merger agreement between
Rumble and Northern Data and technology updates from
Rift to improve Bitcoin swapping.
Online trading activity sees a sharp decline
Onchain data shows a significant drop in activity, with trading volume falling
↘49%
and the number of new traders declining by
↘46%
. This slowdown was most noticeable among smaller wallets, where volume dropped by
↘79%
.
BTC holds top market spot despite mixed performance
Bitcoin maintains its leading market position with
61%
dominance, as its price gained
↗2%
over the last 24 hours on a
↗39%
increase in daily volume. However, its performance has been mixed against other major assets, outperforming ETH's weekly decline of
↘3%
but trailing competitors like SOL on a daily basis.