{"id":332025,"date":"2025-08-10T02:20:11","date_gmt":"2025-08-10T02:20:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/332025\/"},"modified":"2025-08-10T02:20:11","modified_gmt":"2025-08-10T02:20:11","slug":"bitcoins-price-eyes-new-ath-but-this-gap-could-slow-btcs-rally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/332025\/","title":{"rendered":"Bitcoin’s price eyes new ATH – But THIS gap could slow BTC’s rally"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways<\/strong><\/p>\n

Bitcoin prices were near its ATH with Z-Score at +1.5\u03c3, miners limiting supply, S2F up 75%, and address growth climbing. Yet, BTC network activity still trails price, leaving the rally\u2019s durability in question.<\/p>\n

Bitcoin [BTC]<\/a> hovered near its all-time high, with the BTC Z-Score at +1.5\u03c3 \u2013 strong, but below the +2.5\u03c3 \u201coverheating\u201d mark. <\/p>\n

Naturally, this leaves room for further upside before momentum risks becoming stretched.<\/p>\n

However, the Activity\u2013Price Divergence (APD) remained<\/a> at -1.5 after rebounding from -2, highlighting that price growth is still outpacing on-chain activity. <\/p>\n

The gap between price and network fundamentals has narrowed but not closed.\u00a0<\/p>\n

Are miners quietly supporting the market by reducing selling pressure?<\/b><\/p>\n

Miners appear to be playing a supportive role in Bitcoin\u2019s price stability. The Miners\u2019 Position Index (MPI) sat at -0.46 at press time. <\/p>\n

It indicates that miner outflows remain below their yearly average.\u00a0Although the MPI rose by 25.8% in the past 24 hours, it still reflects restrained selling behavior. <\/p>\n

This reduction in miner-led supply pressure can help maintain market stability, especially during periods of heightened volatility.\u00a0<\/p>\n

\"\"<\/a><\/p>\n

Source: CryptoQuant<\/a><\/p>\n

Can Bitcoin\u2019s scarcity narrative fuel further upside momentum?<\/b><\/p>\n

At the time of writing, the Stock-to-Flow (S2F) ratio surged to 1.5923 million, marking a 75% increase and reinforcing Bitcoin\u2019s scarcity appeal.\u00a0<\/p>\n

Historically, high S2F readings accompanied bullish phases as tighter supply boosted investor conviction.<\/p>\n

Of course, this follows the post-halving drop in issuance, which may amplify scarcity-driven demand from retail and institutions alike.<\/p>\n

\"\"<\/a><\/p>\n

Source: CryptoQuant<\/a><\/p>\n

Will rising on-chain participation close the gap with price?<\/b><\/p>\n

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.<\/p>\n

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.<\/p>\n

\"\"<\/a><\/p>\n

Source: IntoTheBlock<\/a><\/p>\n

To sum up, Bitcoin\u2019s price momentum remains strong, supported by reduced miner selling, a higher Stock-to-Flow ratio, and growing on-chain participation. <\/p>\n

However, network activity still lags behind price, leaving a gap that must close for sustained upside.<\/p>\n

\u00a0If fundamentals continue strengthening through increased address activity and stable supply dynamics, the rally could maintain its momentum. <\/p>\n

Otherwise, the price may need to cool to realign with on-chain performance.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Trump-backed WLFI aims for Nasdaq debut with $1.5B token treasury<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Bitcoin prices were near its ATH with Z-Score at +1.5\u03c3, miners limiting supply, S2F up 75%,…\n","protected":false},"author":2,"featured_media":332026,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-332025","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115002082844101266","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/332025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=332025"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/332025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/332026"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=332025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=332025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=332025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}