Around 620,000 new Bitcoin (BTC) addresses holding 0.1 BTC or less joined the network when the flagship asset regained the $20,000 mark on Jan. 13, according to Santiment data.

The blockchain analytical firm noted that these investors were majorly driven by the fear of missing out (FOMO) on the BTC bounce that took the asset’s value to as high as $24,167 in 30 days.

During this period, BTC market sentiments entered the “greed” zone for the first time since March 2022.

The total number of these addresses reached 39.8 million, Santiment added — the highest level since Nov. 19 amidst the FTX collapse.

(By Oluwapelumi Adejumo)