🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
#BTC & ETH Weekend Analysis#
Bitcoin Market Outlook: On-Chain and Technical Insights
Recent on-chain metrics show a rebound in Bitcoin’s network activity, with both address usage and transfer volumes on the rise. This uptick suggests growing confidence among long-term holders, who continue to accumulate despite increased exchange inflows seen in early April—an indication of heightened short-term selling pressure.
USDT transfer volumes have also climbed, pointing to liquidity waiting on the sidelines, potentially positioning for the next major move.
From a technical standpoint, the market remains volatile, with increased correlation between Bitcoin, Ethereum, and the S&P 500—highlighting the influence of macroeconomic trends on short-term price action.
Momentum indicators like RSI and Stochastic Oscillator are beginning to flash oversold signals, hinting at the possibility of a short-term rebound. Still, confirmation of a broader trend reversal will depend on whether Bitcoin can break through key resistance levels.