continues to surprise investors with new movements every day as the coin has been hovering near the $25K mark.According to data from Santiment, the king coin followed a healthy circulation rate from October 2021 running into June 2022.However, price reversals as seen in July and August 2022 led to a jump in the circulation as the “fear of missing out” on accumulating BTC was evident.It is also possible that these reversals were not strong enough to create a demand.
Addresses holding between 100 to 10K BTC are in possession of 46.1% of the overall supply as compared to 49.5% over 10 months ago.Addresses holding between 100K and 10 million USDT have added 0.6% of Tether’s supply back to their wallets. In the past 12 out of 14 weeks, traders have been more negative than usual towards BTC on various social platforms.
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