![Bitcoin whale transactions see ‘noticeable’ drop since March price peak Bitcoin whale transactions see ‘noticeable’ drop since March price peak](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDkvMDE5MWUzZTUtMjY4Yy03ZjlkLThlODktMjMzZTRlMDgyZTRk.jpg)
Bitcoin whale transactions see ‘noticeable’ drop since March price peak
Blockchain analytics firm Santiment says a decline in Bitcoin whale activity is not necessarily a bearish sign.
Bitcoin whales have dialed back their activity since the cryptocurrency hit a new high in March and are now biding their time for the next major buying or selling opportunity, recent data suggests.
“Cryptocurrency’s whale transactions have seen a noticeable drop-off since mid-August,” blockchain analytics platform Santiment wrote in a Sept. 11 X post.
Santiment noted that Bitcoin (BTC) weekly transactions of $100,000 or more had dropped 33.6% since March 13 — the day of Bitcoin’s $73,679 all-time high.
Go to Source
Author: Ciaran Lyons
Related posts:
- Bitcoin may hit new high if US employment, inflation slows
- Bitcoin possibly undervalued as Mayer Multiple hits lowest level since FTX collapse
- Bitcoin $59K price may swing ‘drastically’ amid election year parallels
- Bitcoin traders brush off September blues, say closing price may ‘surprise the bears’