The number of non-empty wallets for Cardano, Dogecoin, and Bitcoin has declined recently, indicating a bullish long-term outlook. Santiment reported that Bitcoin lost 15,120 wallets in the last four days, while ADA and DOGE saw profit-taking in the past 13 and one day, respectively. Conversely, Chainlink gained 991 wallets in the past month. Santiment believes the decrease in wallets is a sign of FUD and capitulation from novice traders, which often indicates a bullish trend. The decline in retail traders' wallets could be an opportunity for larger, long-term investors. ADA and LINK have seen significant price increases in the past month, while DOGE remains one of the best-performing assets, up 173.10% in the past month.
- Content Editor ( coinedition.com )
- 2024-11-19
Wallet Activity: Why Fewer ADA, DOGE Holders Could Be Bullish