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Wu said he learned that, according to Santiment Intelligence data, BTC returned above $80,000 for the first time in three months today. However, Bitcoin’s overall on-chain activity has fallen to a two-year low. Currently, about 531,000 Bitcoin wallets are making transfers each day, and about 203,000 new wallets are created each day. Santiment said that BTC has risen by about 22% over the past 5 weeks, but on-chain participation has not rebounded in tandem, which may indicate that this rally lacks broad support from new users.