Number of Bitcoin holders drops by 245,000 in 5 days, marking the fastest decline in nearly 2 years

The number of Bitcoin holders decreased by 245,000 in five days, marking the fastest decline in nearly two years. According to Santiment data, this change may be related to retail traders taking profits. From June to July 2024, the number of Bitcoin holders dropped by 964,000 over five weeks, which laid the foundation for the subsequent bull market.