BTC Active Addresses Rise 9% to 660K as TD Sequential Sell Signal Prints Near $63K

Bitcoin’s on-chain usage and its derivatives-grade chart signals are pulling in opposite directions near the $63,000 level. Glassnode data cited by analyst Ali Martinez (Ali Charts) shows daily active addresses climbing roughly 9% between late June and early July, from a prior base to more than 660,000 unique wallets transacting per 24-hour window.

That rise in network participation lands at the same time a TD Sequential “9” sell signal printed on the 12-hour chart — a pattern traders typically read as flagging exhaustion after an extended run higher. Price itself has been choppy across venues: TradingView data for BITSTAMP:BTCUSD put one session near $62,013, down about 2.48%, while a Brave New Coin feed showed the pair at $63,637, up 1.69% on the day, highlighting the spread in real-time pricing around this range.

Strategy’s $216M Disposal Lands Alongside the Signal

The sell signal’s timing coincided with Strategy offloading approximately 3,588 BTC, valued at an estimated $215 million to $216 million. The company attributed the sale to funding dividend obligations on its Digital Credit securities rather than any reduction in Bitcoin conviction.

Martinez captured the optics directly: “Bitcoin just flashed a TD Sequential sell signal as Michael Saylor’s Strategy sold $215 million worth of BTC. Not exactly the combination bulls want to see.” Despite the transaction, Strategy’s treasury remains largely intact — the firm still holds roughly 843,775 BTC alongside approximately $2.55 billion in cash, framing the move as liquidity management rather than a strategic pivot.

Indicators Sit Neutral, Moving Averages Stack Overhead

TradingView’s aggregate technical summary reads Neutral: 12 indicators point to sell, nine sit neutral, and five signal buy. RSI is at 46 and ADX at 30, both consistent with a market lacking strong directional conviction.

Stochastic %K sits at 70, showing firming momentum without tipping into overbought territory, while MACD continues to generate a buy signal despite reading -1,117 below the zero line — a setup more consistent with fading bearish pressure than a confirmed reversal. Momentum and Bull Bear Power readings still tilt toward sellers.

On moving averages, the 10-period EMA at 61,831 and 10-period SMA at 61,069 offer near-term support. Resistance builds in layers above spot: the 20-period EMA at 62,303, the 30-period EMA at 63,419, and the 50-period EMA at 65,641 — a stack traders will watch for confirmation of any sustained breakout.

The divergence leaves positioning split: rising active addresses point to durable network engagement over a longer horizon, while the TD Sequential print and layered EMA resistance keep near-term risk skewed toward chop or a deeper pullback before any decisive move above $63,000.

Read more: Bitcoin Prints 2-Week High at $63.9K as Bernstein Holds $150K Call Post-50% Drawdown

Sources

• bravenewcoin.com