U.Today – Popular on-chain data aggregator Santiment has noticed a huge decline in the total number of cryptocurrency wallets holding at least one .
An aggressive dump of Bitcoin holders was recorded
Analysts at Santiment stated that this important metric has been showing an aggressive decline as traders seem to believe that the world’s leading cryptocurrency, Bitcoin, is unlikely to reach a new all-time high this year and will not go beyond its all-time peak of $73,750 reached on March 14.
However, Santiment noted, massive Bitcoin sell-offs like this make the likelihood of a continued Bitcoin rally much more likely.
Currently, the total number of Bitcoin holders is down to 672,510 compared to a month ago.
Bitcoin to hit $1 million, Samson Mow announces deadline
As reported earlier this week, prominent Bitcoin proponent and CEO of Jan3, Samson Mow, once again confirmed his previous prediction that he expects the flagship cryptocurrency to skyrocket to the price of $1 million.
However, this time he also mentioned an approximate time frame in which he expects this immense price growth to occur: within a year.
Overall, the Jan3 boss believes that once Bitcoin manages to hit $100,000, it will start an uptrend and take BTC to the all-time high of $1 million. He posted that post to prevent retail investors from thinking that Bitcoin is finished.
Bitcoin evangelist Michael Saylor, co-founder and CEO of the largest corporate Bitcoin holder MicroStrategy, also posted a tweet on Wednesday saying “Bitcoin to the Moon.”
At the time of writing, Bitcoin is trading at $64,894.
This article was originally published on U.Today
