Santiment reveals trigger for Bitcoin's rise above $58K

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Wallets holding less than 1 BTC have seen the highest record in the past seven months. Still, bitcoin’s price fails to impress.

In the past two weeks, bitcoin has experienced a market correction of around 11% and even more evident volatile rides. Although the leading crypto asset recently briefly rebounded to $58,000, its price still has a long way to go before it regains its all-time high levels.

On-chain data from the blockchain market intelligence firm Santiment revealed that bitcoin wallets holding less than 1 BTC are aggressively accumulating.

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