Network gains & ‘whale’ games as Bitcoin hits ATH | Santiment Weekly Report

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Ibis
Nov 10, 2021

Bitcoin has charted yet ANOTHER price all-time high, peaking at a whopping $68,641 earlier today.


As the top coin enters price discovery, there’s a litany of questions to consider: how is the retail sector reacting to the new ATH? What moves are BTC whales making? And perhaps most importantly - how sustainable is the current rally from a fundamental point of view?


In Santiment’s weekly Pro report, we dive deep into Bitcoin’s latest social and on-chain data, and what it suggests about the current state of the crypto market:


Where's all the hype?


What’s been particularly interesting about Bitcoin’s latest foray into price discovery is the very noticeable lack of retail euphora in our social metrics.


According to text data collected from over 1000 crypto social media channels, the amount of Bitcoin-related mentions have been surprisingly timid over the past

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Assets from this insight

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BitcoinBTC

$ 50634.68

13.58%in last 7d
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