Bitcoin Wallet Count Falls 0.05% Amid Market Uncertainty

The disappearance of 30000 Bitcoin wallets fuels the idea of retail capitulation, at a time when Galaxy recommends accumulating BTC. Compared to the roughly 60 million addresses still active, this decline represents only about 0.05% of the total and is not enough to confirm a market reversal. Since October 16, the number of Bitcoin addresses with a positive balance has decreased by 30000, returning to nearly 59.95 million, according to Santiment data. This development occurs while BTC struggles to sustainably move away from the 80000 dollar zone . Santiment interprets this decline as a possible sign of fatigue among small holders. Their departure could be a contrarian signal: when the least patient investors sell, selling pressure may gradually exhaust.

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