CandleFocus Santiment Sees Bullish Indicator as Non-Empty BTC Wallets Decline by Over 211K
2024-11-05
Author: Content Editor
Data from Santiment shows that there has been a significant drop in non-empty Bitcoin wallets, which could indicate fear, uncertainty, and doubt (FUD) among investors. However, past patterns suggest that such a decline usually leads to future price bounces in BTC. The USDC stablecoin also saw a notable drop, while Dogecoin is experiencing an uptick in wallet activity, possibly driven by FOMO. The election has led to anticipation of increased market unpredictability, with a decline in whale Bitcoin transactions. Despite some drawbacks, Bitcoin's performance remains strong compared to the broader crypto market.
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