Bitcoin price has surged past $107,000, marking a significant milestone in the market’s bullish trend. This latest high comes amid elevated trading volumes and strong signals of investor confidence, according to Santiment data. 📈
Key observations include:
– **High Trading Activity:** Bitcoin’s price has experienced a surge in trading volume, indicating robust demand and fueling further momentum.
– **Whale Accumulation:** Analysis from Santiment reveals substantial whale accumulation without major industry pronouncements, suggesting increased confidence among long-term holders.
– **Reduced Exchange Outflows:** Data also points to reduced exchange outflows, which reinforces the strength of this uptrend by minimizing selling pressure.