Negative Indicator May Signal a Spike in Bitcoin Price
18.07.2024 19:00 1 min. read Kosta Gushterov
On-chain data company Santiment has reported a significant drop in the number of cryptocurrency wallets that hold Bitcoin (BTC).
Santiment’s analysts noted that this key metric is declining sharply, reflecting traders’ belief that Bitcoin may not surpass its previous all-time high of over $73,000, reached on March 14.
This pessimism has led to a mass liquidation of Bitcoin holdings, resulting in 672,510 fewer holders than a month ago.
The company suggested that such sell-offs could actually increase the probability of a future price recovery for the cryptocurrency.
👋 Bitcoin’s amount of holders (any wallets with >0 coins) have been dropping aggressively as traders still seem to believe the March ATH was as good as it’s going to get in 2024. When we see mass liquidations like this, the probability of a continued rebound only increases. pic.twitter.com/YTHEFTtfhY
— Santiment (@santimentfeed) July 17, 2024
-
1
South Korea’s Central Bank Rejects Bitcoin as a Reserve Asset
17.03.2025 13:08 1 min. read -
2
Bitcoin ETF Inflows Soar This Week as Institutional Demand Rebounds
22.03.2025 13:00 1 min. read -
3
Bitcoin Targets Breakout as Macro Factors Shift, According to Matrixport Analysis
24.03.2025 21:00 1 min. read -
4
Bitcoin Adoption Still in Early Stages, With U.S. Leading the Way
10.03.2025 9:00 2 min. read -
5
Bitcoin Will Outperform Gold This Year – Tom Lee
15.03.2025 15:00 1 min. read
As Trump’s Tariffs Unfold, What’s Next for Bitcoin and the Crypto Market?
The recent tariff hikes under the Trump administration are stirring uncertainty across global markets, with cryptocurrencies feeling the ripple effects.
Bitcoin Bull Run Ahead? Weaker Dollar Could Be the Key
Bitcoin’s potential for a bull run might depend on the trajectory of the US Dollar Index (DXY), according to prominent crypto trader CarpeNoctom.
Bitcoin ETFs See $100 Million Outflow as Tariff News Shakes Markets
Bitcoin exchange-traded funds (ETFs) in the United States recorded significant net outflows of nearly $100 million on Thursday, coinciding with a sharp decline in the U.S. stock market.
Crypto Expert Sees Bitcoin Going for a Rally After Tariff Shock
Crypto analyst Crypto Capo believes that Bitcoin may be on the verge of a significant upward move despite its recent dip.
-
1
South Korea’s Central Bank Rejects Bitcoin as a Reserve Asset
17.03.2025 13:08 1 min. read -
2
Bitcoin ETF Inflows Soar This Week as Institutional Demand Rebounds
22.03.2025 13:00 1 min. read -
3
Bitcoin Targets Breakout as Macro Factors Shift, According to Matrixport Analysis
24.03.2025 21:00 1 min. read -
4
Bitcoin Adoption Still in Early Stages, With U.S. Leading the Way
10.03.2025 9:00 2 min. read -
5
Bitcoin Will Outperform Gold This Year – Tom Lee
15.03.2025 15:00 1 min. read
