Bitcoin price sinks to $46.7K despite record accumulation and supply shock events
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing at $46,700 on Bitstamp after dropping $2,000 in hours. Part of a multi-day rangebound construction, the dip resulted in a push toward $48,000, with bulls still unable to gather momentum for an attack on $50,000. For popular trader Crypto Ed, $48,200 was the level to watch for continuation upward.
“Showing some tricky moves, retest failed overnight with that dump,” he commented on the hourly chart. The mood among analysts broadly stayed optimistic on the day despite price action lagging any noticeable improvement in market activity.
Some highlighted conspicuous accumulation at current levels, while on-chain metrics such as illiquid supply were also a talking point. “This wave of Bitcoin supply shock has the most momentum of any in recent history,” William Clemente III, lead insights analyst at Blockware, noted.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 60% | 78 | $22 830.69 | -4.00% | -0.52% | $440 116 562 399 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 62% | 83 | $1 567.24 | -4.81% | -3.79% | $191 789 399 777 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000078 | 0% | -0.01% | $67 781 342 385 |  |
|
| 4 |  BNB |
Binance Coin predictions | 71.6% | 62 | $307.00 | -3.30% | 0.45% | $48 475 686 080 |  |
|
| 5 |  USDC |
USD Coin predictions | 95.6% | 1 | $1.000097 | 0% | 0.02% | $42 712 574 255 |  |
|
| 6 |  XRP |
XRP predictions | 68.4% | 65 | $0.394679 | -4.64% | -7.19% | $20 051 109 625 |  |
|
| 7 |  BUSD |
Binance USD predictions | 93.2% | 1 | $1.000027 | -0.04% | -0.01% | $15 732 612 269 |  |
|
| 8 |  ADA |
Cardano predictions | 63.6% | 72 | $0.372216 | -6.14% | -0.88% | $12 876 317 286 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 70% | 64 | $0.088159 | -2.33% | -0.57% | $11 696 160 812 |  |
|
| 10 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 65.6% | 73 | $1.086506 | -7.74% | 9.11% | $9 489 885 842 |  |
|
| 12 |  SOL |
Solana predictions | 56.8% | 94 | $23.94 | -8.40% | -1.81% | $8 897 955 616 |  |
|
| 13 |  DOT |
Polkadot predictions | 59.2% | 81 | $6.19 | -6.46% | -5.92% | $7 131 777 560 |  |
|
| 14 |  LTC |
Litecoin predictions | 70.8% | 55 | $91.25 | -4.07% | 1.30% | $6 585 562 085 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 66% | 72 | $0.062203 | -2.41% | -0.99% | $6 324 607 060 |  |
