Bitcoins price eyes new ATH - But THIS gap could slow BTCs rally
WikiBit 2025-08-10 09:26
Key Takeaways Bitcoin prices were near its ATH with Z-Score at +1.5σ, miners limiting supply, S2F up 75%, and address growth climbing. Yet, BTC network
Bitcoin
Bitcoin‘s price eyes new ATH – But THIS gap could slow BTC’s rally
Are miners quietly supporting the market by reducing selling pressure？
Source: CryptoQuant
Can Bitcoins scarcity narrative fuel further upside momentum？
Historically, high S2F readings accompanied bullish phases as tighter supply boosted investor conviction.
Of course, this follows the post-halving drop in issuance, which may amplify scarcity-driven demand from retail and institutions alike.
Source: CryptoQuant
Will rising on-chain participation close the gap with price？
On-chain activity improved, with new addresses up 25.47% and active addresses up 11.11% in a week. Zero-balance addresses fell 2.69%, at press time, meaning more wallets held BTC.
Such growth expands the user base, deepens liquidity, and strengthens market resilience. If sustained, it could narrow the price-activity gap and fortify long-term price support.
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