Mass Exodus? Over 672,000 Bitcoin Holders Drop Out Amid Market Shifts

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Related Reading: Injective (INJ) Breaches Key Resistance, Setting Stage For 1,350% Boom — Analyst At the same time, MicroStrategy, the company with the most bitcoins, is also feeling upbeat.“Bitcoin to the Moon,” the most recent comment on X of its co-founder and executive chairman, Michael Saylor, supported Mow’s positive outlook and gave institutional investors more reason to be hopeful.

At first glance, this trend seems worrying, but it could be setting the stage for the next bull market.👋 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.

Expert Forecasts Fuel Hope Reiterating his optimistic stance on Bitcoin, well-known proponent of the cryptocurrency and CEO of Jan3 Samson Mow has added another level of fascination to the present state of the market.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaNorth KoreaSouth KoreaPhilippines

Topics: Crypto Digital currency Cryptocurrency Market News Btcusd Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 12:30:31 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 535 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 21684009

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