Human nature prevails in financial markets, and only a small group with very high self-control is exempt from it.
The price of Bitcoin dropped to below $80,000, and there was an opportunity to enter, but fear stood as a barrier. After the price of Bitcoin rose above $100,000, greed became the motivator!
In the past few hours, the price of Bitcoin recorded a notable increase, surpassing the $100,000 mark for the first time since February, continuing its rise to a new peak, the highest since January.
This shift comes after a long period of decline and price volatility, which has restored momentum to the largest cryptocurrencies in the market.
Data from the 'Santiment' platform showed that this rise attracted increasing interest from individual investors, with around 350,000 new wallets created on the Bitcoin network during the same period.
The number of active addresses reflects price trends to a large extent, highlighting the increasing interaction with the Bitcoin price coinciding with its upward movements.
In February, the network had seen a decline in activity, alongside consecutive price drops that led Bitcoin to fall below $75,000 in early April, its lowest level in five months.
However, the trend later reversed with a recovery in network activity, as indicators recorded levels not seen in six months, coinciding with a price increase of about $20,000.
Earlier today, the price of Bitcoin briefly surpassed $104,000, representing gains of over $30,000 compared to the most recent low recorded in April.
The number of active addresses continues to rise, reinforcing indicators of a return of momentum to the market.
Reports indicate that retail investors (individuals) have re-entered the market, a phenomenon previously associated with strong upward trends, but sometimes it has paved the way for the end of the upward cycle.
