{"id":26771,"date":"2020-08-03T11:37:39","date_gmt":"2020-08-03T08:37:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26771"},"modified":"2025-08-26T16:31:00","modified_gmt":"2025-08-26T13:31:00","slug":"santiment-number-of-bitcoin-addresses-falls-as-btc-tests-12000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/santiment-number-of-bitcoin-addresses-falls-as-btc-tests-12000\/","title":{"rendered":"Santiment: Number of Bitcoin addresses falls as BTC tests $12,000"},"content":{"rendered":"<p>Santiment analysts observed a drop in the number of active Bitcoin addresses as the price rose toward $12,000 and then corrected below $11,000.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\"><a href=\\\"https:\/\/t.co\/HYVuJ91lRp\\\">https:\/\/t.co\/HYVuJ91lRp<\/a><\/p>\n<p>1) As <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> scraped above $12k 18 hours ago, there were warning signs flashing that indicated that daily active addresses on the network were not keeping up with the surging price, and a correction would be swift. A telltale bearish divergence formed <a href=\\\"https:\/\/t.co\/82KhmTc4F7\\\">pic.twitter.com\/82KhmTc4F7<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\\\"https:\/\/twitter.com\/santimentfeed\/status\/1290083509608968192?ref_src=twsrc%5Etfw\\\">August 3, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Researchers say that the pace of address growth lagging behind the rapidly rising BTC price is a reliable indicator of an impending correction.<\/p>\n<p>On Sunday morning, August 2, Bitcoin <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-tests-12000-then-slides\">broke above $12,000<\/a>, but could not stay above it. Within minutes, the quotes for the leading cryptocurrency plummeted to around $10,500.<\/p>\n<div id=\\\"attachment_106323\\\" style=\\\"width: 970px\\\" class=\\\"wp-caption aligncenter\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-106323\\\" class=\\\"wp-image-106323 size-full\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/123-20.png\\\" alt=\\\"Santiment: number of Bitcoin addresses falls amid test of $12,000\\\" width=\\\"960\\\" height=\\\"764\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/123-20.png 960w, https:\/\/u1f987.com\/wp-content\/uploads\/123-20-300x239.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/123-20-768x611.png 768w\\\" sizes=\\\"auto, (max-width: 960px) 100vw, 960px\\\" \/><\/p>\n<p id=\\\"caption-attachment-106323\\\" class=\\\"wp-caption-text\\\">Four-hour BTC\/USD chart for the Bitstamp exchange on TradingView<\/p>\n<\/div>\n<p>As of now, the price has somewhat recovered, with the leading cryptocurrency trading around $11,200.<\/p>\n<p>According to trader Micha\u00ebl van de Poppe, the nearest resistance for BTC&#8217;s price is in the $11,350-$11,500 range.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Small video update on <a href=\\\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$BTC<\/a> before I\u2019m heading offline.<\/p>\n<p>Crucial barrier? $11,350-11,500.<br \/>\nResistance after? $11,675-11,750 (also probable CME gap)<\/p>\n<p>Most likely sideways notion, just like we did before the price even broke out. <a href=\\\"https:\/\/t.co\/yJ7zNkMUnC\\\">pic.twitter.com\/yJ7zNkMUnC<\/a><\/p>\n<p>\u2014 Crypto Micha\u00ebl (@CryptoMichNL) <a href=\\\"https:\/\/twitter.com\/CryptoMichNL\/status\/1289985041624252416?ref_src=twsrc%5Etfw\\\">August 2, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Earlier in July, the number of active Bitcoin addresses hit a two-year high.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Santiment analysts observed a drop in the number of active Bitcoin addresses as the price rose toward $12,000 and then corrected below $11,000.<\/p>\n","protected":false},"author":1,"featured_media":26772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1320,480,1478],"class_list":["post-26771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-address","tag-bitcoin-price","tag-santiment"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=26771"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26771\/revisions"}],"predecessor-version":[{"id":26773,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/26771\/revisions\/26773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26772"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=26771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=26771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=26771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}