K33 says BTC 7-day active supply hits yearly high, signaling possible bottom

K33 said on-chain Bitcoin transfers have surged in the wake of the recent Coldcard hack, pushing BTC active supply over the past seven days above 890,000 BTC, the highest level this year. The research firm said similar spikes in on-chain activity have often coincided with local market bottoms in the past, suggesting the market may now be in a bottoming phase.