The number of non-empty Bitcoin wallet addresses has decreased by 211,500 compared to three weeks ago
Santiment posted on the X platform that as traders wait for clarity in the cryptocurrency market, there has been a significant decline in the number of non-empty Bitcoin wallets. Compared to three weeks ago, the number of Bitcoin addresses decreased by 211,500, which is a strong FUD signal and usually associated with future price increases. Meanwhile, this weekend saw a single-day decrease of 11,600 USDC wallets due to high volatility in stablecoin behavior. Additionally, Dogecoin wallet addresses increased by 46,400 within one week. This suggests that traders are speculating and gambling on Memecoins even after last week's local peak.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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