đ **Bitcoin's Rollercoaster Ride: What's Next?** đ
In the past two weeks, Bitcoin (BTC) has faced an 11% market correction, but don't let that get you down! The leading crypto briefly bounced back to $58,000, though it still has a way to go to hit its all-time high.
đ **Small Wallets, Big Moves** đ
On-chain data from Santiment shows that wallets holding less than 1 BTC are aggressively accumulating, now holding their highest ratio of supply in 7 months. This could be a bullish sign as retail sentiment turns positive.
đĄ **What Could Drive BTCâs Price?** đĄ
While small wallets are stacking, larger holders (1-100 BTC and 100+ BTC) have cooled off. Santiment suggests that if these bigger players start accumulating again, BTC could soar closer to its peak value of $73,700.
đ **Institutional Interest** đ
Despite recent outflows from Bitcoin ETFs, Japanese firm Metaplanet boosted its BTC stash by 38.464 BTC, bringing its total to 398.832 BTC. This shows ongoing institutional interest, which could be a game-changer.
đź **Future Outlook** đź
Bitcoin proponents remain optimistic. MicroStrategyâs Michael Saylor predicts BTC could hit $13 million in the next two decades. So, while the short-term may be rocky, the long-term outlook is bright! đ