Bitcoin, Dogecoin, and Cardano Reveal Recent Retail Trader Hesitance

A
@brianq
Nov 18, 2024


🐟 When a network's overall amount of wallets declines, it is a sign of FUD & capitulation from novice traders that is often a bullish indicator for the coin's price (since those liquidated coins are likely being bought by larger whales & sharks who are hodling for the long-term.

Retail traders largely control the amount of non-empty wallets on a network, considering there are an enormous amount of small wallets compared to whale wallets. With this said, here are the changes in non-empty wallets over the past month for notable top cap assets:

🪙 Bitcoin (BTC): +11,263 (+0.02%)
🪙 Ethereum (ETH): +1,950,000 (+1.50%)
🪙 XRP Ledger (XRP): +88,261 (+1.61%)
🪙 Cardano (ADA): -34,931 (-0.78%)
🪙 Dogecoin (DOGE): +109,410 (+1.65%)
🪙 Chainlink (LINK): +991 (+0.14%)