Bitcoin transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has retraced below $63,000.
Bitcoin whales slowed their transaction activity in the past two days, just before Bitcoin’s price slipped below $63,000.
On June 23, the total number of Bitcoin whale transactions (exceeding $100,000) was 9,923 over the previous two days, a 42% decrease from the 17,091 transactions recorded the two days prior, according to data from Santiment.
The change in whale behavior comes amid the price of Bitcoin (BTC) falling from $64,685 to $63,422 and has since declined further to $62,531 at the time of publication, according to CoinMarketCap data.
