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Santiment: The decrease in BTC holding address quantity may lead to a stronger rebound
The market research institution Santiment has stated that in the past month, the number of BTCWalletAddress holding BTC has been declining, but this may be good news for investors.
It is reported that in the past month, the number of Addresses with a balance greater than zero has decreased by 672,510. Santiment suggests that traders may consider the historical high in March to be the highest level that can be reached by 2024, but a Rebound usually occurs after a sell-off. Despite the market rebounding to $65,000 this week, the number of holding Addresses has not rebounded. The occurrence of such large-scale liquidation indicates an increasing possibility of a sustained Rebound.