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Jamie Coutts, lead digital asset analyst at Real Vision, assesses that the recent declines in the cryptocurrency market could signal a potential bottom. Analyses indicate the market may shift towards an upward trend based on performance data from the past 365 days.
Cryptocurrency Market Recovery
According to the analyses, this month’s downturn is notable, reflecting the lowest 365-day performance recorded since mid-2024. The recent recovery in asset performances may signal a positive turnaround in the near future.
Jamie Coutts: “This month’s downward movement indicates a potential bottom; focusing on assets that performed last year may be beneficial.”
Bitcoin as a Safe Haven
Additionally, it has been observed that Bitcoin’s inverse correlation with the US dollar index has weakened. While some consider Bitcoin 
$105,377 a gold-like safe haven, its short-term performance does not align with gold’s.
The TOTAL2 chart measures the market value of assets excluding Bitcoin and stablecoins, currently hovering around $1.24 trillion. This indicator offers reversal signals in the daily time frame. An increase in the use of blockchain technology has been noted, alongside a significant rise in the daily active addresses of smart contract platforms, suggesting a long-term upward trend despite short-term fluctuations.
Jamie Coutts: “Liquidity drives on-chain activity; however, the technology has achieved an independent rise since 2022.”
For 2025, it is anticipated that blockchain technology will become more widespread across various sectors, with on-chain transaction volume projected to exceed $4 trillion.
Jamie Coutts: “A significant increase in blockchain usage is expected by 2025.”
Analyst statements indicate potential future directions for the market based on historical performance indicators. Data suggest that digital assets may capture an upward trend, and blockchain technology could play a more effective role across sectors.
