Bitcoin Price Prediction: BTC Faces $82,850 Rejection as Bears Eye $70K

Key Insights:

• Bitcoin price must reclaim the $80,000 to $82,850 zone to ease downside risk toward $70,000.
• Public companies added 612 BTC, worth about $47.5 million, while Strategy stepped back from its regular weekly Bitcoin buying.
• Bitcoin active addresses fell 39.80% in two weeks, showing that short-term network activity has slowed.

Bitcoin price traded near $76,641 after another market pullback, while institutional accumulation and weakening network activity sent mixed signals across the market. Public companies continued adding Bitcoin exposure, although on-chain activity, stablecoin liquidity, and technical indicators pointed to softer short-term momentum.

Public Companies Add More Bitcoin

Fresh weekly data from Lookonchain showed that four public companies increased their Bitcoin holdings between May 18 and May 24. Together, Strive, The Smarter Web Company PLC, DDC Enterprise Limited, and Hyperscale Data added 612 BTC worth about $47.5 million.

BTC Weekly Flows in Public Companies | Source: Lookonchain Data

Strive recorded the largest weekly increase, adding 382 BTC and lifting its total holdings to 15,391 BTC. DDC Enterprise Limited added 200 BTC, bringing its holdings to 2,583 BTC. The Smarter Web Company PLC added 19 BTC, while Hyperscale Data added 11 BTC.

As of May 25, the four companies held a combined 21,525 BTC, worth about $1.67 billion. This shows that some corporate buyers continued adding exposure despite Bitcoin’s short-term weakness.

However, the same report noted that Strategy paused its BTC purchases last week. BitMine also added no ETH during the period. That pause matters since Strategy’s Bitcoin accumulation has often shaped institutional sentiment around BTC treasury buying.

Stablecoin Liquidity Drops Across Market

Meanwhile, Lookonchain’s broader weekly report showed a softer liquidity backdrop. Stablecoin liquidity fell by $687 million, while DEX spot volume also declined.

Ethereum saw the largest seven-day stablecoin drop among major chains, losing about $1.78 billion in USDT and USDC liquidity. Solana followed with a $362 million loss, and Base suffered a $102 million drop. Smaller drops were also seen by Hyperliquid (-1.5%), Mantle (-1.5%), Polygon (-1.3%), Plasma (-1.1%), and BNB Chain (-1.1%).

Stablecoin Liquidity | Source: Lookonchain Data

However, not all chainsaw blow-offs. Tron added $376 million, Aptos gained $112 million, Avalanche added $85 million, TON gained $50 million, and Sui added $23 million. These inflows showed liquidity rotating across chains rather than leaving every network at once.

DEX spot activity also cooled. Spot volume reached $36.03 billion for the week, down 5.53% week over week. Uniswap led with $8.56 billion, followed by PancakeSwap at $4.67 billion and Aerodrome at $4.09 billion.

DEX Volume | Source: Lookonchain Data

By contrast, perpetual DEX volume improved. Perps volume reached $142.98 billion, up 1.6% week-over-week. Hyperliquid, GMTrade, Aster, Apex Protocol, and edgeX also improved. This is a record split, indicating that traders continue to trade in the leverage markets despite weaker demand in the spot markets.

Bitcoin Active Addresses Cool Sharply

Elsewhere, Ali Charts highlighted a major drop in Bitcoin active addresses. According to the chart, active addresses fell 39.80% over the past two weeks, dropping from 821,000 to 494,000.

BTC Active Address | Source: Ali, X

Network activity has cooled while the price continues to consolidate. The sharp drop in active addresses suggests many short-term traders have stepped aside for now. With fewer wallets interacting on-chain, retail interest appears to be slowing after the recent volatility.

Lower activity can also mean weaker hands have exited, leaving the supply with longer-term holders. In that case, the market may become less noisy before a larger move develops.

Even so, the timing is important. Bitcoin price is already struggling near $76,500 to $77,000 after failing to extend above the higher resistance. A sharp drop in active addresses adds another sign that momentum has weakened in the short term.

Bitcoin Charts Continue Signaling Risk

Technical analysts remain focused on Bitcoin’s rejection near the $82,850 resistance zone. Crypto Lens argued that BTC’s inability to sustain higher prices keeps bearish chart structures active on higher timeframes.

BTCUSD Weekly Chart | Source: Ted, X

The chart outlined a potential head-and-shoulders structure forming on the weekly timeframe, with the neckline positioned near the $70,000 region.

Another analyst, Ted Pillows, also highlighted Bitcoin’s failure to reclaim a major supply zone near $80,000. According to his analysis, continued weakness below that level could expose BTC to lower support regions if buyers fail to regain control.

However, bearish scenarios remain unconfirmed unless Bitcoin breaks lower support levels with stronger selling volume.

For now, Bitcoin remains caught between continued corporate accumulation and weakening network activity as traders wait for stronger directional confirmation.

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