Small Bitcoin addresses plunge to 4-month low, but is this bearish? By Cointelegraph


Small Bitcoin addresses plunge to 4-month low, but is this bearish?

The number of (BTC) addresses holding 1 BTC plummeted to a four-month low on Sep. 20, according to the data from Glassnode. But it is premature to suggest that it is a bearish sign for the top cryptocurrency.

The noticeable decline in small Bitcoin addresses coincides with the explosive expansion of the decentralized finance (DeFi) market.

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