🚨 Bitcoin’s Falling Wallet Count May Signal A Bottom 😤 Bitcoin has lost roughly 30K non-empty wallets since October 16th, bringing the total back down near 59.95M. This may sound alarming, but it doesn’t necessarily signal declining utility. After weeks of stagnant BTC price action, smaller holders appear to be losing patience and exiting. 🔄 Retail capitulation has historically been more constructive for price than a sudden flood of new buyers chasing rallies. Crypto typically moves opposite crowd expectations at emotional extremes, so shrinking participation while BTC struggles near $80K strengthens the case that a local bottom may be forming shortly. 🎯 $80K is the immediate battleground. If wallets keep declining while BTC holds $80K and reclaims roughly $82.5K, the contrarian bottom signal becomes much stronger. A sustained break below the recent $79K area would delay that setup and suggest capitulation still has further to run. 🔗 Our Live BTC Holders Chart: https://app.santiment.net/charts/btc-total-number-of-holders-29141?utm_source=x&utm_medium=post&utm_campaign=btc_total_holders_b_102626&aff=3