Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
According to data from the “Santiment” platform, investor sentiment towards Bitcoin has clearly increased, and this is particularly evident in the price of Bitcoin, which hit the $70,000 level as the “fear of missing out” (FOMO) atmosphere returns to the crypto market.
Optimism has increased on social media platforms, e.g.
Despite the improvement in sentiment, network data points to a relative slowdown in online activity.
Analysis shows that the average Bitcoin transfer volume within 30 days has declined from the previous month and quarter, reflecting a temporary decline in short-term momentum.
However, transfer volumes remain above the annual average, meaning overall network activity remains strong and there is no structural decline in Bitcoin usage.
On the other hand, analysts believe that current price movements are largely driven by liquidity in derivatives.
Liquidation areas for short positions are concentrated between $70,000 and $74,000, while liquidity for leveraged buy positions is concentrated around $65,000 to $66,000.
Bitunix analysts said that given the ongoing impact of geopolitical tensions and energy market fluctuations on the financial sector, Bitcoin has now entered a phase of sideways volatility, with liquidity continuing to be pumped above and below the price.
Also read:
Bitcoin price approaches $70,000 after Trump declares end of war
Are funds moving from gold to Bitcoin? Huge outflows from largest gold fund: Details
