Here's who just pushed Bitcoin $BTC price over $21,100: Analysis by santimentfeed Bitcoin
Since the collapse of the FTX/Alameda ecosystem in early November 2022 and the devastating Bitcoin price plunge below $16,000, BTC whales were aggressively accumulating.
Namely, Santiment data indexing mechanisms registered 416 new addresses with on-chain Bitcoin balances below 100 and 1,000 coins.As such, this crucial metric demonstrated a more than 3% increase over last painful weeks. During this period, the Bitcoin price added 26%.As covered by U.Today earlier today, Bitcoin and all major altcoins have demonstrated breathtaking growth in the last 24 hours. The orange coin reached its 10-week high at $21,095, while Ethereum peaked at $1,564.
As a result, over $731 million in futures positions were liquidated. Over the last seven sessions, more than $1.21 billion in equivalent were lost by crypto bears, as per Coinglass data.
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