• About 311,000 wallets exited the network in the last 10 days.
• The 30-day MVRV ratio indicated that the coin could produce more gains.

Though Bitcoin’s [BTC] price almost hit $68,000 again, on-chain data showed that the earlier correction led to significant exits. According to AMBCrypto’s analysis, 311,00 non-zero addresses left the Bitcoin network in the last 10 days.

Our investigation showed that the exodus was a result of Fear, Uncertainty, and Doubt (FUD) as prices collapsed.  However, those who are familiar with the market terrain can confirm that this departure should trigger panic.