According to @simplykashif citing Santiment, Bitcoin (BTC) traded near $96,500 as retail holders declined by 47,244 over the past three days and exchange balances fell to a 7-month low of 1.18 million BTC (source: Santiment via @simplykashif). @simplykashif characterizes the address decline as retail panic and highlights the simultaneous drop in exchange supply; traders can monitor these Santiment on-chain series (retail holder counts and exchange supply) to track spot-side supply conditions (source: @simplykashif; data: Santiment).