Crypto markets are rallying on Tuesday as the Bitcoin Act of 2025 is introduced in the House, proposing the acquisition of one million BTC over five years with a 20-year lockup.
IntoTheBlock data shows large transaction volume increasing by 49.4% and daily active addresses growing by 19.9%. Transactions greater than $100,000 are up from 7,649 to 11,844 in a single day. Exchanges netflows are up by 368%.
Coinglass data reports 194,245 traders were liquidated in the past 24 hours for $616.48 million.
Trader Notes: Trader Javon Marks foresees multiple signs for Bitcoin to reverse back into bull mode.
Michael van de Poppe emphasized that BTC has not broken crucial levels yet and the next test is the massive one. "If $82.5-83.5K breaks, probably we’ll see $88-92K in a swift move," he added.
#Bitcoin didn't break through the crucial level, yet.
Rekt Capital notes BTC has been in a seller-dominated market for two weeks, but declining seller volume could lead to exhaustion soon.
CryptoQuant warns that while BTC's 22% drawdown is common in bull markets, valuation metrics indicate a deeper correction than usual, making this cycle different from 2016-17.