Non-Empty BTC Wallets Declining Even Further
📊 Even with cryptocurrencies like Ethereum and XRP continuing to see their networks grow with more and more wallets, the same is not true for Bitcoin. Crypto's top cap has 277.24 LESS non-empty wallets than it did 3 weeks ago. The decline appears to be primarily due to small traders dropping out of the markets due to fear of further crypto-wide price drops.
Historically, these declines in retail belief are a positive sign for mid to long term price performances. When coins are shed by small traders, whales and sharks accumulate them and use their capital to drive up markets when crowd FUD is at its highest. 👍
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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