As global tensions escalate, the adoption rate of Bitcoin is on the rise. According to Santiment data, the number of non-zero BTC wallets has reached 58.45 million, a new all-time high. Meanwhile, the BTC holdings on known exchanges have fallen to their lowest level since December 2017, indicating that Bitcoin is shifting toward private offline storage. Despite Bitcoin's price remaining above $71,000, the cryptocurrency fear and greed index is still as high as 22, reflecting extreme market panic. Analyst Crypto Patel has focused on Japan's Metaplanet company, which saw its stock price soar by 4000% after adopting Bitcoin. He has issued a bullish forecast, suggesting that Bitcoin's price could break through $89,300 and potentially hit a new all-time high.

BTC-4.32%
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