On July 18, crypto market research firm Santiment said that the number of bitcoin wallet addresses holding BTC has been declining over the past month, but this could be good news for investors.
It is reported that the number of addresses with balances greater than zero decreased by 672,510 in the past month. Santiment said that traders may think that the all-time high in March is the highest level that can be reached in 2024, but there is usually a rebound after a sell-off. Although the market rallied to $65,000 this week, there has been no rebound in the number of addresses holding coins. When there is such a large-scale liquidation, the likelihood of representing a sustained rally is increasing.
Santiment: The decline in the number of BTC addresses may lead to a stronger rebound
2024-07-18 05:47:29
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