729,400 Bitcoin Wallets Exited Over Past Month, What’s Going On?
Summary
Around 729,400 Bitcoin wallets emptied in the last month. The "Total Amount of Holders" metric for Bitcoin has been declining since January 20th, while rising for Ethereum and Tether. This decline in Bitcoin holders is attributed to increased interest in ETFs, which allow indirect exposure to Bitcoin. This option is not available for other cryptocurrencies, leading to continued adoption for Ethereum and Tether. Bitcoin's price has been consolidating sideways in the past week.
