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 | 83.6% | 19 | $27 103.13 | 1.33% | -0.28% | $525 413 545 011 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 94% | 5 | $1 847.38 | 0.75% | 1.52% | $222 158 550 160 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $1.000426 | 0.01% | 0% | $83 162 495 084 |  |
|
| 4 |  BNB |
Binance Coin predictions | 93.6% | 4 | $308.50 | 0.41% | -0.64% | $48 081 998 443 |  |
|
| 5 |  USDC |
USD Coin predictions | 91.6% | 1 | $1.000139 | 0.01% | 0.01% | $29 072 935 582 |  |
|
| 6 |  XRP |
XRP predictions | 86.4% | 25 | $0.472742 | 0.73% | 0.71% | $24 574 754 937 |  |
|
| 7 |  ADA |
Cardano predictions | 85.6% | 20 | $0.371099 | 1.92% | 1.51% | $12 941 703 465 |  |
|
| 8 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 83.2% | 31 | $0.072758 | 2.07% | -1.38% | $10 151 717 870 |  |
|
| 10 |  MATIC |
Polygon predictions | 70.4% | 56 | $0.928375 | 1.48% | 6.06% | $8 614 827 134 |  |
|
| 11 |  SOL |
Solana predictions | 77.2% | 38 | $20.43 | 5.01% | 0.83% | $8 095 221 194 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 80% | 33 | $0.077365 | 2.23% | 6.60% | $7 866 128 306 |  |
|
| 13 |  TRX |
TRON predictions | 82.8% | 33 | $0.077649 | 2.87% | 7.15% | $7 009 815 149 |  |
|
| 14 |  LTC |
Litecoin predictions | 82.8% | 35 | $89.57 | 2.21% | -2.83% | $6 540 062 689 |  |
|
| 15 |  DOT |
Polkadot predictions | 82.4% | 22 | $5.36 | 2.13% | -0.57% | $6 372 920 266 |  |
