[Santiment: Number of Bitcoin Non-Zero Balance Wallets Decreases by Approximately 108,700 Since October 16th, Retail Selling Sentiment Rises] According to a report by Jinse Finance, Santiment Intelligence published an article on the X platform stating that on October 16th, the number of Bitcoin non-zero balance wallets reached 59.99 million, just shy of the 60 million mark. However, the total number of wallets subsequently decreased by approximately 108,700. As the price of BTC fell below $75,000 again, small holders are becoming increasingly impatient. The decline in the number of wallets does not necessarily mean that the actual use of Bitcoin is shrinking. In prolonged downtrends, as market panic intensifies, small traders often merge or empty their wallets. This retail capitulation selling has historically been a significant market phenomenon preceding major rebounds in many crypto markets. If the number of wallets continues to decline while the price begins to stabilize, this signal will be more bullish. If BTC can maintain a price around $74,000 to $75,000 while the number of holders decreases, it indicates that market panic is intensifying, but the price has not yet experienced a further significant breakdown. Meanwhile, the BTC reserves on exchanges have also dropped to approximately 1.28 million. Therefore, if BTC rebounds to $78,000 to $80,000, and retail investors continue to engage in capitulation-style selling, it will further reinforce the assessment that selling pressure is gradually being exhausted, and may also mean that savvy investors are taking the opportunity to accumulate BTC.