According to Santiment (@santimentfeed), Bitcoin's network recorded the creation of 344,620 new wallets, indicating a significant influx of new participants as FOMO (fear of missing out) intensifies. This surge in wallet activity coincides with Bitcoin reaching a new high of $103.8K, the strongest level since January. These on-chain metrics signal robust market demand and have effectively silenced bearish sentiment, suggesting further upward price action could be supported by continued retail adoption and network growth. Source: Santiment, May 9, 2025.