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 | 83.2% | 32 | $44 191.65 | 2.28% | 14.09% | $864 601 373 120 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 77.2% | 36 | $2 384.27 | 1.22% | 13.64% | $286 631 337 595 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000286 | 0.02% | -0.01% | $90 361 522 312 |  |
|
| 4 |  XRP |
XRP predictions | 81.6% | 28 | $0.691977 | 7.73% | 12.59% | $37 337 342 228 |  |
|
| 5 |  BNB |
Binance Coin predictions | 85.2% | 18 | $244.21 | 4.75% | 6.78% | $37 045 963 060 |  |
|
| 6 |  SOL |
Solana predictions | 80.8% | 38 | $77.33 | 7.81% | 24.47% | $32 939 078 279 |  |
|
| 7 |  USDC |
USD Coin predictions | 90.8% | 1 | $0.999988 | -0.01% | 0.01% | $24 499 538 291 |  |
|
| 8 |  ADA |
Cardano predictions | 81.2% | 37 | $0.621468 | 30.58% | 60.61% | $21 949 609 212 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 74.4% | 53 | $0.104135 | 6.51% | 24.05% | $14 803 690 586 |  |
|
| 10 |  AVAX |
Avalanche predictions | 75.6% | 50 | $32.83 | 21.42% | 48.15% | $12 006 820 565 |  |
|
| 11 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 12 |  TRX |
TRON predictions | 94% | 7 | $0.108469 | 2.71% | 4.89% | $9 596 597 053 |  |
|
| 13 |  LINK |
Chainlink predictions | 77.6% | 38 | $17.23 | 7.97% | 9.25% | $9 592 622 058 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 90.4% | 7 | $0.107924 | 2.30% | 4.39% | $9 548 377 600 |  |
|
| 15 |  DOT |
Polkadot predictions | 78% | 38 | $7.54 | 20.76% | 36.96% | $9 456 502 227 |  |
