Decline in Bitcoin (BTC) Wallets Reflects Market Fear, But There’s A Catch

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Bitcoin and the rest of the crypto market have recovered, wiping out most of the losses incurred during the recent correction.

While this might concern novice traders, the blockchain intelligence platform said that, historically, such declines have coincided with moments of FUD in the market. During these periods, small BTC wallets capitulate while larger addresses accumulate more. Taking into account these past occurrences, during similar drops in active wallets, Bitcoin has demonstrated significant price surges.

 

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