Santiment Intelligence
Santiment Intelligence|Sep 21, 2026 08:02
Last week, for the first time since Nov 2025, BTC closed above its 50-week moving average. The read going around is that this confirms the bottom. We checked what the breakout actually brought with it. Baseline for every multiple below: the Friday median, Jul 24 to Sep 20. 🆕 Sep 18, the breakout day, gained close to 6%. New addresses that day came in at 1.00x. Active addresses, 1.00x. 📊 Social volume ran 1.23x and transactions above $100k ran 1.18x. Both lifted, neither reached its high for the window. 📈 Open interest rose 9% on Sep 18 and has held there since. 🧭 Aug 21 was also a Friday, and gained close to 7%. New addresses 1.07x, active addresses 1.14x — the smaller August move reached more wallets than the September breakout did. Ten weekdays in the last two months brought more new wallets than the day Bitcoin broke out. 🔗 Explore BTC network growth against price in Sanbase: https://app.santiment.net/charts/btc-network-growth-32124?utm_source=x&utm_medium=post&utm_campaign=btcma_0926&aff=33
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