At press time, BTC underwent a fresh 2% correction as it traded at the $39.1 k mark.
Despite the stated fall, BTC did witness some recovery as it inclined by 7% from its lows of $37.7k on 26 April to $40.3k on 28 April.
In addition to this, BTC’s network activity stats showed a positive report card alongside the aforementioned data.
In addition, the percentage of the BTC supply dormant for a year or more nonetheless made new all-time highs this month, according to data from on-chain analytics firm Glassnode.
As reported before, Santiment data revealed that as Russia’s invasion of Ukraine intensified, Bitcoin addresses rose.
This as per a fellow analyst, it would lead BTC into another correction in the short term.
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