Bitcoin Whale Transactions Reach Highest Levels Since April; New Addresses Surge to 337,000 Amid Price Dip Below $50K

Bitcoin whale transactions have surged to their highest levels since April 2024, with significant activity recorded on August 5 and 6, according to Santiment.

This uptick in transactions coincided with a notable price dip below $50,000, prompting large holders to accumulate more Bitcoin.

Additionally, the number of daily new Bitcoin addresses has also seen a resurgence, rising from 203,536 on June 7 to a peak of 337,000 in August.

This increase suggests a potential return of retail investors to the market, despite previous bearish signals indicated by a downward trend in new addresses since November 2023.

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