Bitcoin price prediction as retail investors show signs of abandoning BTC
Bitcoin (BTC) is showing signs of retail capitulation, with the number of non-empty wallets falling by nearly 109,000 since October as the cryptocurrency’s price slips below $75,000. Data shared by crypto analytics platform Santiment on November 10 shows that Bitcoin’s total number of holders peaked at 59.99 million on October 16 before declining by approximately 108,700 to 59.88 million. Bitcoin holders on exchanges. Source: Santiment The decline coincides with renewed selling pressure, suggesting smaller investors are increasingly abandoning their positions. Advertisement Meanwhile, Bitcoin’s supply on exchanges has fallen to approximately 1.28 million BTC, indicating that fewer coins are available on trading platforms. Although declining wallet numbers point to weakening retail participation, continued exchange outflows could support a recovery if selling pressure begins to ease. Bitcoin key technical level The development als...