Bitcoin is witnessing one of the sharpest declines in holder count in nearly two years. According to Santiment, more than 245,000 wallets have exited the market over the last 5 days as volatility continues to shake out short-term traders.

Historically, large waves of capitulation like this have often appeared near local bottoms, where weak hands leave the market before stronger bullish momentum returns. While short-term sentiment remains uncertain, many analysts see this kind of panic selling as a potential signal that a major rally could be building in the background.$BTC