Whether or not the market can rebound effectively after such a huge crash and will depend on the future overall trading volume of the market.

As we can see, the market conditions to start this week have not been good as the market continues to trend in a downward spiral after the weekend. It is interesting to note that last night, Bitcoin saw a short 4-hour rise that could be an indication that players are buying back into the market and demand has returned at least in the short term. According to TokenInsight analysis, Bitcoin’s community growth rates and search activities remained constant at 0.08% from the last 24 hours, while the number of Bitcoin’s active addresses has increased by 8.9% from last week (146,000) up to 159,000.

The TIPV, which is trending upwards, is an indication that the time is not quite good to buy into the current market and investors are advised to pay close attention to the performance of market recovery as market players continue to remain their defensive positions.

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