The number of all #Bitcoin wallets is declining at the fastest rate

26.01.2024
26.01.2024

The number of all #Bitcoin wallets is declining at the fastest rate since early October (just before the start of the major #crypto #bull cycle). This time the crowd is showing the same level of impatience, with over 487 thousand wallets holding $1BTC or less being liquidated in the last 4 days alone. History tells us that this is usually a sign of capitulation, which can cause the market price to rebound until small traders become optimistic about #crypto as an investment vehicle again. Disappointment
 from market performance since the approval of 11 #ETFs over 2 weeks ago is largely attributed as the reason for these #wallet liquidations.

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