Aug 24, 2023

Market intelligence platform Santiment notes that bitcoin's (BTC) price flirted with $26,800 in the past 24-hours, as large holders are returning to the market.

Video transcript

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. It looks like large holders are returning to the market and helping it recover. Sentiment. Notes that Bitcoin jumped as high as $26.8000 on Wednesday as Key Whale and Shark addresses are adding to their stacks. 156,660 wallets holding between 10 and 10,000 Bitcoin have acquired $308.6 million since August 17th, late last week, around $1 billion worth of crypto futures were liquidated after a sudden sell off mentions of by the dip across social media platforms increased, but then fizzled out among traders. Santa said in a note this week, quote when all four social platforms align and have settled back down to neutral mentions of buying the dip. This is when the actual opportunity has historically presented itself for patient traders and quote. Bitcoin is currently trading around $26,000. That's it for today's chart of the day. I'm Jen Senai. We'll see you next time to unpack more of the data behind top news stories.

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