BTC wallets active in the past month have secured average returns of +4.2%.
Santiment believes that Bitcoin will continue to rise since the gains are not enough.
Stablecoin exchange inflows also skyrocketed, suggesting increased capital flow.
Bitcoin (BTC) continues its upward trajectory, eyeing the $100,000 price level as traders maintain cautious optimism. The cryptocurrency has remained within the $95,000 to $97,000 range, reflecting a phase of consolidation.
In a post on X (formerly Twitter), Blockchain analysis platform Santiment highlighted a +4.2% average return on active Bitcoin wallets over the past 30 days. A rise above +5% could trigger a potential price correction, while a dip to -5% or lower may signal strong recovery momentum.
Santiment’s analysis noted that many traders incurred losses after buying Bitcoin at peak prices in November. As a result, the market may enter a period of healthier price fluctuations in the short term, with reduced volatility and gradual upward movement.
It is also important to note that stablecoin inflows for USDT and USDC have surged significantly in the past month. This trend is attributed to increased inve…
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