Bitcoin Wallet Activity Surges 8% After Bold Leonidas Tweet

In a recent development, a post by Bold Leonidas on social media has sparked significant activity in the cryptocurrency market. Within a 24-hour period following the tweet, Bitcoin wallet activity surged by 8%, with active addresses reaching approximately 650,000. This surge indicates a renewed interest from both retail and institutional investors.

This social media signal also had a notable impact on institutional investments. A major U.S. Bitcoin fund reported an inflow of $50 million, marking one of its highest single-day entries for the month. This influx suggests that even subtle online signals are now influencing institutional investment strategies.

The equity markets responded positively as well. Stocks of crypto-linked firms, including major exchanges, saw intraday gains of nearly 1.8%. This close link between social media signals and market response highlights a growing cross-market dynamic, where sentiment from one sector can quickly influence another.

Technical indicators for Bitcoin also reflected this renewed momentum. The Relative Strength Index (RSI) on the 4-hour chart remained strong at 62, indicating that buyers are gaining control without the asset entering overbought territory. Additionally, a bullish crossover on the Moving Average Convergence Divergence (MACD) further confirmed the momentum signals, often preceding short-term trend reversals or price rallies.

Trading volume for BTC/USDT jumped 20% across major exchanges, with approximately 30,000 BTC changing hands in 24 hours. This level of volume often leads to breakouts near resistance zones, particularly when liquidity is high.

Bitcoin’s 30-day correlation with the S&P 500 remained elevated at 0.65, indicating that risk sentiment in equities is directly influencing crypto price action. Ethereum mirrored Bitcoin’s behavior, with trading volume rising over 15% during the same timeframe and prices stabilizing near $3,450. Both assets appear to be preparing for breakout tests at their respective resistance zones.

Market watchers are advised to monitor the $69,000 level for Bitcoin and $3,850 for Ethereum. A breach above these marks could lead to broader bullish trends. Continued strength in equities may further enhance crypto’s momentum, suggesting a positive outlook for the market in the near future.