Significant Decline in Crypto Whale Transactions Since Mid-August

12/09 12:53

According to Odaily, Santiment recently reported a noticeable decline in cryptocurrency whale transactions since mid-August. For Bitcoin, the number of transfers exceeding $100,000 has decreased by 33.6% since the peak in March/April. Similarly, Ethereum has seen a 72.5% drop in transfers over $100,000 during the same period. Analysts suggest that this trend is not necessarily a bearish signal. Whales tend to be active in both bull and bear markets. However, it does indicate that major stakeholders are waiting for the right moment to act during periods of extreme greed or fear among the general public. Since Bitcoin reached its all-time high six months ago, reactions to moderate fluctuations have been intense. Based on sentiment patterns, a return to $70,000 for Bitcoin could trigger significant FOMO (Fear of Missing Out), while a drop to $45,000 might lead to severe FUD (Fear, Uncertainty, and Doubt).

Bullish

Bearish

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Significant Decline in Crypto Whale Transactions Since Mid-August

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