WBTC Active Addresses Plunge to 2,134 in May
- Active Addresses Decline: In May 2026, the number of active addresses on the Wrapped Bitcoin (WBTC) network plummeted to 2,134, marking the lowest level this year, indicating a significant slowdown in decentralized finance (DeFi) activity as investors adopt a wait-and-see approach, leading to a near halt in transactions and transfers.
- DeFi Activity Slows: As a bridge token connecting Bitcoin liquidity to the Ethereum ecosystem, the drop in active WBTC addresses reflects that investors are no longer actively transferring WBTC for yield generation or liquidity provision, resulting in DeFi activity hitting its lowest level in a year, which impacts overall market engagement.
- Liquidity Outflow: Not only have DeFi metrics declined, but centralized exchanges are also experiencing liquidity outflows, with data showing increased spot sell pressure for BTC on Binance and negative net flows of stablecoins, indicating a shrinking buying power that further suppresses demand on exchanges.
- Market Sentiment Deteriorates: Analysts note a lack of new capital entering the market, with investors remaining on the sidelines, and the market is waiting for a new catalyst to restore activity; the overall decline in risk appetite suggests that a recovery in active WBTC addresses or large-scale stablecoin issuances could signal a potential reversal.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0193 | 0.0249 | 0.0298 | 0.0355 | 0.0404 | 0.046 | 0.0509 |
| Fibonacci | 0.0249 | 0.029 | 0.0314 | 0.0355 | 0.0395 | 0.042 | 0.046 |
About the author
