Bitcoin Holder Count Faces Drastic Fall - What's Going On?

Recently published analytics report shows massive decline in number of Bitcoin holders.

Popular on-chain data aggregator Santiment has noticed that a large decline in the overall number of cryptocurrency wallets that hold at least one whole Bitcoin.

Aggressive Bitcoin holder dump registered.

Santiment analysts stated that this important metric has been showing an aggressive decline since traders seem to believe that the leading global cryptocurrency Bitcoin will hardly score a new all-time high this year apart and will not go any further than its historic peak of $73,750 reached on March 14.

However, Santiment pointed out, that mass Bitcoin liquidations like this make the probability of a continued Bitcoin rebound a lot more likely.

Currently, the total Bitcoin holder dump comprises 672,510 fewer than a month ago.

Bitcoin to reach $1 million, Samson Mow names time- frame.

As reported earlier this week, prominent Bitcoin supporter and Jan3 CEO Samson Mow once again confirmed his earlier prediction that he expects the flagship cryptocurrency to skyrocket to the $1 million price tag.

However, this time, he also named an approximate time-frame when he expect this immense price growth to take place - within a year from now.

Overall, the Jan3 boss believes that once

Bitcoin succeeds in reaching $100,000, a

bull run will begin and it will take BTC to

the $1 million historic peak. He published

that post in order to prevent retail

investors from thinking that Bitcoin is

over and done with.

Bitcoin evangelist Michael Saylor, co- founder and executive chairman of the largest corporate Bitcoin holder MicroStrategy, also published a tweet on Wednesday, which says “Bitcoin to The Moon."

At the time of this writing, Bitcoin is changing hands at $64,894.