Santiment analysts point to a significant increase in BTC’s trading volume and address activity
The figures rose for the first time since June 2022
28.10.2022 - 13:55
820
2 min
0
What’s new? Experts at analytics firm Santiment reported that bitcoin’s trading volume and address activity reached 4-month highs. The figures rose for the first time since June 2022. On October 27, the trading volume reached $58,9 billion in BTC, and the number of active bitcoin addresses reached 1,04 million. According to analysts, despite the fact that Ethereum was in the spotlight this week, the bitcoin rate increased by 5% for the first time since the beginning of the month and exceeded the level of $20 000. As of October 28, 13:00 UTC, BTC is trading at $20 223, down by 2,32% in 24 hours, according to Binance.
📈 While the spotlight shines on #Ethereum this week, #Bitcoin has somewhat quietly crossed back above $20.6k & is holding up better than most assets as prices retrace the past 24 hours. $BTC's trading volume & address activity both just hit 4-month highs. https://t.co/nKxRbSPNrQ pic.twitter.com/kxoApgPJUc— Santiment (@santimentfeed) October 27, 2022
Other experts’ opinions. Analysts at Morgan Stanley, unlike Santiment, noted extremely low trading activity in the bitcoin market. 78% of the total supply has not been involved in transactions for the past six months, and the share continues to rise. It has already surpassed the figure recorded during the 2018 bear market.
Nearly half of professional investors surveyed by Bloomberg expect BTC to continue trading in the $17 600 to $25 000 range for the rest of this year. Analyst Peter Brandt said bitcoin would hit a new all-time high in about 32 months. In this, the asset will drop to $13 000 in early 2023 and will not show impressive indicators for the next year and a half.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$62 084
BTC
+2.05%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.13
XRP
+2.68%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.084589
DOGE
+3.28%
-
Zcash
$420.03
ZEC
+19.48%
-
Stellar XLM
$0.20536
XLM
+1.47%
-
Cardano
$0.163249
ADA
+1.61%
-
Polkadot
$3.32
DOT
+5.27%