Bitcoin Traders Capitulate: Here’s What Happened Last 2 Times
Summary
Bitcoin's Total Amount of Holders has decreased recently, with 311,000 addresses emptying in the past 10 days. This trend often reflects FUD moments, as small wallets capitulate while large ones acquire coins. Similar instances in the past saw price increases of 28% and 24%. Despite the recent selloff, Bitcoin's price has recovered to $66,800 from a low of $60,600. The analytics firm Santiment suggests that historically, Bitcoin tends to yield positive returns after such events.
