This is good news!!!
The decline in the number of BTC holding addresses may lead to a stronger rebound
On July 18, the crypto market research agency said that the number of Bitcoin wallet addresses holding BTC has been declining over the past month, but this may be good news for investors.
It is reported that the number of addresses with a balance greater than zero has decreased by 672,510 over the past month. Traders may think that the historical high in March "is the highest level that can be achieved in 2024", but there is usually a rebound after the sell-off. Although the market rebounded to $65,000 this week, the number of holding addresses has not rebounded. When such a large-scale liquidation occurs, the possibility of a sustained rebound is increasing.
