Bitcoin price over $20K creates FOMO with 620K BTC wallets pop-up
The growth of small BTC addresses was very limited in 2022 and slumped to new lows post-FTX, but a significant surge in January suggests trader optimism is high. Bitcoin (BTC) price surge above $20,000 in the second week of January led to a market FOMO (fear of missing out), especially among small BTC holders with a wallet balance of 0.1 BTC. There was a significant surge in BTC addresses holding 0.1 BTC or less, after January 13. According to data shared by crypto analytics firm Santiment, 620,000 new BTC addresses have popped up since the January 13 BTC price surge totaling 39.8 million. Bitcoin addresses holding 0.1 BTC or less. Source: Santiment The rise in Bitcoin small addresses indicates regrowing investor optimism in 2023. The growth of such small addresses was very limited and slowed down remarkably post-FTX collapse in November, but 2023 has seen the rate The recent spike in small Bitcoin addresses is the highest since Nov. 2022, a time when the BTC price dipped to its ...