Bitcoin wallet count's largest drop in 2 years may signal bull run

The number of Bitcoin wallets has decreased by 245,000 in just five days, marking the largest drop since the summer of 2024, according to Santiment. The analytics firm explained that this is a sign of capitulation, where the public leaves the market out of fear. Santiment added that the prevailing analysis suggests this event, paradoxically, could be laying the groundwork for a major bull market.