Bitcoin Bottom May Be Near as 30,000 Wallets Disappear: Santiment
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6 Articles
Bitcoin has seen further declines in recent days, and the direction of its future moves is unclear. The prolonged...
Santiment estimates that around 30,000 Bitcoin wallets, which were not empty since October 16, have left the network, and it reads the retail give-up as a possible local bottom around $80,000.
Bitcoin.com
Bitcoin Bottom May Be Near as 30,000 Wallets Disappear: Santiment
Bitcoin may be approaching a local bottom as smaller holders retreat, according to Santiment’s latest analysis. Falling wallet participation could support a recovery, with $80,000 support and a move back above $82,500 central to the setup. Wallet Declines Signal a Possible Bitcoin Bottom A potential bitcoin bottom may be taking shape as smaller holders appear […]
Bitcoin Bottom or Bull Trap? 30,000 Wallets Exit as $72,500 Risk Grows
TLDR: Santiment counted 59.95 million non-empty Bitcoin addresses on October 26, down 30,000 since October 16. BTC touched $79,332 on Monday before trading near $80,000, with resistance marked at $82,000–$82,500. Ali Martinez flagged a four-hour channel breakdown, identifying $72,500 as a potential buying area for BTC. U.S. spot Bitcoin ETFs lost $635.6 million on October [...]
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