Bitcoin address activity soars to multiyear highs ahead of BTC halving, Sentiment points to whale resilience

From fxstreet.com

Bitcoin (BTC) has displayed a rather unusual picture from a broader outlook, with the daily active addresses failing to mirror its price. Santiment data attributes this to increased activity and therefore faith in the asset among large holders, even as the smaller traders give in to the pressure. Bitcoin on-chain activity shows resilience by whales as smaller traders loosen their grip: Bitcoin (BTC) price action has failed to indicate a striking price action despite the fact that the daily active addresses have shown impressive performance over the last five years. Behavior analytics platform for cryptocurrencies, ... (full story)