According to BlockBeats, on July 18, cryptocurrency market research firm Santiment reported a decline in the number of Bitcoin wallet addresses holding BTC over the past month. This trend, however, might be a positive indicator for investors.
Over the last month, the number of addresses with a balance greater than zero has decreased by 672,510. Santiment noted that traders might believe the historical high in March represents the peak for 2024. Despite a market rebound to $65,000 this week, the number of addresses holding BTC has not increased. Such significant liquidations often suggest a higher likelihood of a sustained rebound.
