BTC Buying Surge Yesterday Second Largest in 2 Months, Analysis Shows
CryptoNewsTerminal Staff14 Jun, 2024
BTC Buying Surge Yesterday Second Largest in 2 Months, Analysis Shows
A cryptocurrency on-chain analysis platform, Santiment, observed a significant spike in the number of daily Bitcoin (BTC) buyers when its price dropped below $67,000 on the 13th. This surge is reported to be the second largest in the past two months. According to Santiment, this buying activity suggests fear of missing out (FOMO) and greed among investors, particularly during periods of price volatility.