Santiment Monthly Report: Bitcoin Ready for $30K Return, or are Hopeful Traders About to Get Burned?

A
@brianq
Oct 3, 2023


Like so many "breakouts" before it over the past couple of years, we saw Bitcoin manage to see a quick (albeit) mild correction after its first return above a $28K market value since mid-August.


Nevertheless, traders are optimistic about the +6.6% 1-month price return of crypto's top market cap asset. This rise, as we can see below, has managed to allow many assets to show some rebounding promise.


Particular assets that have had a great 30-day stretch in price performance include:


  • Kaspa ($KAS): +42%
  • ThorCHAIN ($RUNE): +29%
  • Bitcoin SV ($BSV): +27%
  • Maker ($MKR): +27%
  • Chainlink ($LINK): +25%
  • Bitcoin Cash ($BCH): +25%
  • Aave ($AAVE): +25%


And in our new 'Asset Activity Matrix' model, which you can make a copy of here and plug in your Sanbase PRO API, we can see which assets are having 'hot' and 'cold' activity, based on