On February 25, 2025, Richard Teng, a prominent figure in the cryptocurrency space, highlighted the resilience of crypto markets in the face of macroeconomic shifts, referencing the significant event of Bitcoin dipping below $20,000 during the Federal Reserve's rate hikes in 2022 (Teng, 2025). Specifically, on June 18, 2022, Bitcoin reached its low of $17,600 before recovering to $23,000 by the end of the year, as reported by CoinDesk (CoinDesk, 2022). This event underscores the market's ability to rebound despite adverse economic conditions. The trading volume on that day was approximately $45 billion, a 20% increase from the previous week, indicating heightened market interest during this period of volatility (CryptoCompare, 2022). The BTC/USD trading pair saw a significant spike in volume, with over $30 billion traded on major exchanges like Binance and Coinbase (Binance, 2022; Coinbase, 2022). On-chain metrics further reveal that the number of active addresses increased by 15% during the dip, suggesting a surge in market participation (Glassnode, 2022).

The trading implications of such macroeconomic shifts are profound. Following the 2022 dip, the market exhibited a clear pattern of recovery, with Bitcoin gaining 30% in value within two months (TradingView, 2022). This recovery was mirrored across other major cryptocurrencies, with Ethereum (ETH) increasing by 25% during the same period (CoinMarketCap, 2022). The trading volume for ETH/USD also surged by 25% to $15 billion, indicating a strong market response to the recovery trend (CryptoQuant, 2022). The BTC/ETH trading pair, which is often used as a gauge of market sentiment, saw its volume increase by 10% to $5 billion, suggesting a growing confidence among traders (Kaiko, 2022). On-chain metrics during this recovery period showed a 20% increase in transaction volume and a 10% rise in the number of large transactions (>$100,000), indicating institutional interest (Chainalysis, 2022).

Technical indicators during the 2022 dip and subsequent recovery provide further insights into market dynamics. The Relative Strength Index (RSI) for Bitcoin dropped to 30 on June 18, 2022, signaling an oversold condition that often precedes a rebound (TradingView, 2022). The Moving Average Convergence Divergence (MACD) indicator also showed a bullish crossover on July 5, 2022, which coincided with Bitcoin's price breaking above its 50-day moving average (Coinigy, 2022). The trading volume for Bitcoin on that day was $50 billion, a 10% increase from the previous week, reflecting strong market momentum (CryptoCompare, 2022). The Bollinger Bands for Bitcoin widened significantly during the dip, with the price touching the lower band on June 18, 2022, before reverting to the mean by August 1, 2022 (TradingView, 2022). On-chain metrics during this period showed a 15% increase in the number of active addresses and a 10% rise in the total value locked (TVL) in decentralized finance (DeFi) protocols, indicating a growing interest in DeFi amidst the recovery (DeFi Pulse, 2022).