Bitcoin Drops 245,000 Holders in 5 Days While Long-Side Leverage Reaches a Two-Year High

TLDR: Bitcoin lost 245,000 wallets in five days, its fastest holder decline in nearly two years. A June–July 2024 exit of 964K wallets preceded a major bull run, offering a historical parallel. Exiting holders hand supply to long-term buyers, shrinking liquid coins and amplifying price moves. With 564 long clusters vs. 203 short, how Bitcoin [...]

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