Retail Investors Flee Bitcoin Like It’s a Soggy Sandwich! 🍞💸

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Oh, what a curious tale we have today! It seems our dear retail investors have decided to pack their bags and flee from Bitcoin faster than a cat from a bath! 🐱💦 Instead, they’re diving headfirst into the delightful waters of XRP and Ethereum, like children jumping into a pool on a hot summer day!

Holders Galore for XRP & Ethereum, But Bitcoin? Not So Much!

In a recent post on the magical land of X, the clever folks at Santiment have spilled the beans on the latest shenanigans in the world of cryptocurrency. They’ve been counting the “Total Amount of Holders,” which, as the name suggests, is simply the number of addresses holding a few shiny coins. 🪙✨

When this number goes up, it’s like a party where new guests are arriving, or old ones are coming back for a second helping of cake! 🎂 But when it goes down, it’s more like a sad farewell party where everyone is leaving with their wallets in hand, possibly to buy a new pair of shoes or a fancy hat! 🎩👟

Now, let’s take a peek at the chart shared by our analytics friends, which shows the rollercoaster ride of holders for Bitcoin, Ethereum, and XRP over the last few months:

As you can see, XRP and Ethereum are on a delightful upward climb, like a balloon floating into the sky! 🎈 Meanwhile, Bitcoin is doing the opposite, like a balloon that’s lost its air and is slowly drifting downwards. Poor Bitcoin! 😢

In fact, just three weeks ago, the number of non-empty addresses on the BTC blockchain has plummeted by a whopping 277,240! That’s a lot of wallets! It’s as if all the retail investors decided to have a mass exodus, leaving Bitcoin looking a bit lonely. 🥺

But fear not! Santiment has a silver lining to this cloud of retail despair:

Historically, these declines in retail belief are a positive sign for mid to long-term price performances. When coins are shed by small traders, whales and sharks accumulate them and use their capital to drive up markets when crowd FUD is at its highest.

BTC Price

As for Bitcoin’s price, it seems to be stuck in a bit of a rut, like a car with a flat tire. Currently, it’s trading around $95,800, just hanging out and waiting for something exciting to happen! 🚗💨

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2025-02-14 12:13