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Bybit Learn is thrilled to announce its latest collaboration with Santiment, a leading provider of crypto analytics, to deliver institutional-grade market insights for the ever-evolving cryptocurrency landscape. Together, we have will launch a weekly comprehensive report detailing whale's wallet and on-chain activities, diving deep into the market dynamics and speculative signals that are shaping the cryptocurrency space.  

The first release of this report, “Analyzing Market Dynamics and Speculative Trends in November 2024,” is designed to empower traders and investors with actionable data and cutting-edge analysis.

[Full Report]<https://learn.bybit.com/crypto-insight/analyzing-market-dynamics-and-speculative-trends-in-november-2024/>

This inaugural report offers a deep dive into market dynamics, highlighting critical trends and speculative signals that are shaping the cryptocurrency space:

In the past month, Bitcoin whales—wallets holding 10 or more BTC—have accumulated an impressive 53,006 additional Bitcoins. This significant accumulation underscores strong long-term confidence in Bitcoin, creating upward pressure on prices and shaping broader market trends.

Despite Bitcoin’s recent price surge, the sentiment among whales reveals caution. Many experienced traders have been taking profits, anticipating a potential market retracement. This serves as a timely reminder for retail investors to approach market moves with a balanced strategy and to consider the actions of seasoned participants.

Mentions of Bitcoin surpassing $80K are increasing across platforms like X, Reddit, and Telegram, reflecting rising speculation about a six-figure price. However, the current low levels of Fear of Missing Out (FOMO) suggest that bullish sentiment is not fully baked into the market yet—a condition that has historically preceded unpredictable price movements.

On November 13, 2024, Bitcoin spot ETF trading volumes reached a record $8.21 billion, the highest level since March 2024. Unlike the market decline that followed March's peak, the current cycle has not seen a retracement, signaling a potential shift in market dynamics that warrants close monitoring.

The collaboration between Bybit Learn and Santiment represents a step forward in delivering insightful, data-driven analysis to the crypto community. By merging Santiment’s robust on-chain analytics with Bybit Learn’s focus on educational excellence, this report offers unparalleled guidance for navigating complex market movements.

Stay Ahead with Bybit Learn and Santiment

As the crypto market continues to evolve, Bybit Learn and Santiment remain committed to empowering traders and investors through collaboration, innovation, and world-class research. Keep your eyes peeled for the upcoming reports that keep you at the forefront of the crypto revolution.

Bybit Learn is thrilled to announce its latest collaboration with Santiment, a leading provider of crypto analytics, to deliver institutional-grade market insights for the ever-evolving cryptocurrency landscape. 

Bybit Learn Partners with Santiment to Deliver Institutional-Grade Market Insights

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