Bitcoin creates new ATH, but it is not price-related
The global economy remains stagnated, and so has Bitcoin’s price. Rising inflation, the energy crisis, company liquidations, unemployment fears, and a host of other factors have together hampered macro growth. Insufficient demand and the not-so-optimistic community sentiment, on the other hand, have kept the largest crypto price suppressed. Nevertheless, things seem to be gradually shaping up for Bitcoin. The number of Bitcoin addresses HODLing 10,000 to 100,000 BTC and addresses HODLing 10 to 100 BTC have reached their highest amount of respective addresses since last year’s February. Per the on -chain metrics and Analysis platform Santiment, “As the number of addresses on a network rise, the utility should follow suit. “ Source: Santiment A new ATH clinched by Bitcoin Interestingly, the largest crypto just created a new all-time high. Bitcoin’s small to mid-sized addresses [HODLing 0.1 to 10 BTC] currently possess the highest number of coi...