Smaller Bitcoin Holders Sold Before $85K Rally as 69,494 Wallets Exit

Crypto Insight Summary: Bitcoin climbed above $85,000 after 69,494 wallets disappeared from two smaller-holder balance groups during the July-August downturn. Santiment argues that the earlier capitulation reduced reactive supply before the latest rally. Smaller Bitcoin Wallet Groups Contract Before Breakout Smaller bitcoin holders appear to have reduced their exposure before the cryptocurrency recovered above $85,000. Onchain analytics platform […] Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Capitulation of small holders reduced sell pressure, enabling the breakout.