Summary Points
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Price Stability with Profit-Taking: Bitcoin has experienced a stable price range between $103,000 and $106,000, as long-term holders lock in profits, with current trading below $105,000.
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Dramatic Network Growth: A significant surge in Bitcoin’s on-chain activity was reported, with over 556,000 new wallets created and the most active circulation day since December 2024, indicating renewed user interest.
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Whale Accumulation Intensifies: New whales have doubled their holdings to 1.1 million BTC since March, showcasing intensified fresh capital inflows and heightened investor confidence.
- Hash Ribbons Buy Signal: The Bitcoin Hash Ribbons indicator has issued a rare buy signal, historically linked to solid entry points for long-term investors amid mining sector stress, suggesting the current dip may be a buying opportunity.
Bitcoin (BTC) Sees Highest Wallet Growth and Circulation Spikes of 2025
Bitcoin is on the rise again, showcasing significant wallet growth and increased circulation. The cryptocurrency recently reached a peak in May, though its price has stabilized, moving within a tight range of $103,000 to $106,000. As of today, Bitcoin trades below $105,000, reflecting a small decline over the past day.
Despite the price fluctuations, user participation has surged. According to Santiment, on May 29, Bitcoin created a remarkable 556,830 new wallets in a single day. This marks the highest daily total since December 2023. Just a few days later, on June 2, the network also reported an impressive 241,360 BTC circulating, the most active day since December 2024.
These trends signify a rebirth of interest in Bitcoin, even as the broader market consolidates. The increase in network activity hints at growing utility for the cryptocurrency. Meanwhile, new accumulator whales—wallets that hold over 1,000 BTC—have doubled their holdings since March. This surge of 600,000 BTC, valued at roughly $63 billion, now accounts for 5.6% of Bitcoin’s total supply. Such behaviors may indicate a broader shift in investor confidence.
Additionally, the Bitcoin Hash Ribbons indicator recently signaled a rare buy opportunity. This tool evaluates the mining sector’s health by analyzing moving averages of Bitcoin’s hashrate. Notably, when mining becomes less profitable, it can lead to short-term selling pressure. Yet, historically, this has created enticing buying opportunities for long-term investors.
Currently, Bitcoin’s hash rate has reached all-time highs, adding to the appeal of this recent market dip. Experts underline that the increased accumulation, along with declining exchange balances and a surge in institutional adoption, sets the stage for a potential supply squeeze.
As wallet growth accelerates and circulating activity spikes, Bitcoin continues to demonstrate its unique proposition in solving real-life financial challenges. It stands as a key player in the evolving landscape of digital currency, reflecting both adaptability and resilience.
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Disclaimer
This content is for informational and entertainment purposes only and does not constitute financial or investment advice. Cryptocurrency is highly speculative and carries significant risk, including the potential loss of your entire investment. Do not make financial decisions based on this information. Consult a licensed financial advisor before investing. This site does not offer, sell, or advise on cryptocurrency, securities or other regulated financial products in compliance with SEC and applicable laws. Please do your own research and seek professional advise.
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