Santiment: Small Bitcoin Wallets Shrank Before the Rally Above $85,000
- —Wallets holding 0.1–1 BTC dropped by 62,335
- —Wallets holding 1–10 BTC dropped by 7,159
- —The decline occurred in July–August, before the price move
- —The rally coincided with $648 million in short liquidations
Why it matters: Fewer small holders can mean thinner supply on rallies, though Santiment cautions the pattern does not always repeat.
Source: Koin Bülteni