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 | 62.4% | 82 | $29 106.25 | -2.42% | 5.31% | $554 291 732 800 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 60.4% | 82 | $1 948.76 | -4.39% | 2.87% | $235 479 609 902 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $0.998927 | 0.01% | 0.45% | $74 133 574 134 |  |
|
| 4 |  USDC |
USD Coin predictions | 92% | 1 | $1.000000 | -0.02% | -0.02% | $52 342 870 112 |  |
|
| 5 |  BNB |
Binance Coin predictions | 60.4% | 84 | $295.00 | -1.85% | 22.08% | $48 166 486 706 |  |
|
| 6 |  XRP |
XRP predictions | 67.2% | 71 | $0.409415 | -4.38% | 13.13% | $19 792 398 575 |  |
|
| 7 |  BUSD |
Binance USD predictions | 92% | 1 | $0.999245 | -0.27% | -0.42% | $18 398 603 846 |  |
|
| 8 |  ADA |
Cardano predictions | 65.2% | 79 | $0.514791 | -8.42% | 17.73% | $17 375 510 992 |  |
|
| 9 |  SOL |
Solana predictions | 63.2% | 84 | $50.79 | -8.30% | 15.69% | $17 139 777 776 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 62% | 87 | $0.084252 | -5.17% | 11.85% | $11 177 788 099 |  |
|
| 11 |  DOT |
Polkadot predictions | 60.4% | 78 | $9.61 | -8.87% | 19.27% | $9 486 356 576 |  |
|
| 12 |  WBTC |
Wrapped Bitcoin predictions | 63.6% | 82 | $29 092.16 | -2.40% | 5.58% | $8 144 434 333 |  |
|
| 13 |  AVAX |
Avalanche predictions | 61.6% | 82 | $29.59 | -11.64% | 6.16% | $7 963 113 848 |  |
|
| 14 |  TRX |
TRON predictions | 70.8% | 55 | $0.071826 | -0.02% | -1.60% | $7 007 431 948 |  |
|
| 15 |  DAI |
Dai predictions | 93.6% | 1 | $1.000124 | 0.04% | 0% | $6 501 256 168 |  |
