Smaller Bitcoin Holders Exited Before $85K Breakout
- —62,335 wallets holding 0.1-1 BTC vanished during the July-August shakeout
- —7,159 wallets holding 1-10 BTC exited before BTC reclaimed $80,000
- —About $648 million in shorts were liquidated after the break above $85,000
- —The next major resistance sits in the $88,000-$92,000 range
Why it matters: Capitulation by smaller holders shifted coins to stronger hands, reducing potential sell pressure into any further rally.
Source: Coinpedia