- Bitcoin failed to hold above $67,000, triggering significant liquidations in the market.
- BTC also witnessed the biggest 3-day drop in non-empty wallets since March 14th.
- Ethereum wallet numbers continue to keep rising as per Santiment.
Bitcoin’s price tumbled below $67,000 in the past 24 hours, triggering a wave of liquidations across the cryptocurrency market. The leading digital asset now sits at $65,500, raising concerns among traders and investors.
Blockchain analytics platform Santiment noted on X (formerly Twitter) that Bitcoin has experienced its most significant three-day decline in non-empty wallets since before the asset’s all-time high of $73,000 on March 14.
Bitcoin holders have just had their biggest 3-day drop in non-empty wallets since just prior to the March 14th all-time high. Unlike then, BTC has been sliding, provoking traders to liquidate for fear of further drops. Meanwhile, Ethereum wallets keep growing in number. pic.twitter.com/UIfXLkJ1HH— Santiment (@santimentfeed) June 18, 2024
Santiment suggests that traders, concerned about potential further price drops, have been liquidating their holdings, contributing to the cryptocurre…
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