Bitcoin Wallets See Largest Drop Since 2024, Hinting at Market Rebound
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Bitcoin lost ~245,000 wallet holders in five days, per on‑chain analytics firm Santiment — the fastest wallet exits in nearly two years, a notable crypto on‑chain metric. The last comparable outflow in summer 2024 preceded a notable bull run, so this pace of wallet exits could signal a potential bullish inflection for BTC price and broader market adoption. Market participants, DeFi and CEX desks should monitor exchange inflows, on‑chain flows and token liquidity as leading indicators for market impact, adoption shifts and trading opportunities.
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Bitcoin (BTC) shed around 245,000 wallet holders in just five days, the fastest rate of wallet exits in nearly two years, according to on-chain analytics firm Santiment.
The last time this happened at a comparable pace, in the summer of 2024, it foreshadowed one of the more notable bull runs in recent memory.
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