👀👀Santiment: Bitcoin Hasn't Been Seen for Seven Months! The Price May Rise Again 👀👀

According to Santiment's data, the re-emergence of assets that have been dormant on the Bitcoin network for a long time is remarkable.

A large whale transaction on Tuesday combined with the $37.4 billion on-chain transaction volume on the Bitcoin network, reaching its highest level in the last seven months. The return of dormant Bitcoins to circulation is historically considered a positive sign for the BTC price.

Santiment emphasizes that the re-emergence of Bitcoin's dormant assets is generally a positive indicator for future price movements. Such large transactions and increasing on-chain volumes can increase liquidity in the market and pave the way for price increases.

Investors are preparing for the end of the year

Uncertainty continues in the cryptocurrency markets with the approaching US presidential elections. Investors think that a possible Donald Trump victory could revitalize the cryptocurrency market and lead to an increase in prices.

Data from the decentralized betting platform Polymarket shows a 53 percent chance of Trump winning the election. Elon Musk stated that Polymarket data is more accurate than poll results, and said, “Trump is 3 percent ahead of Harris in betting markets. Since real money is involved, this data is more reliable than polls.”

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