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XEX Research Institute: Bitcoin whale trading volume has dropped significantly since the peak in March
2024-09-12 08:27
Odaily News According to the latest data from blockchain analytics platform Santiment, Bitcoin whales have seen a significant decrease in trading volume since Bitcoin hit its all-time high in March. Santiment noted in a September 11 post: “Since mid-August, whale trading activity in cryptocurrencies has declined significantly.” Since Bitcoin hit a high of $73,679 on March 13, weekly Bitcoin trading volume worth $100,000 or more has fallen by 33.6%. Santiment stressed that this is not a bearish signal, as whale holders remain active during market bull and bear cycles. With market sentiment still in a state of “fear,” investors are waiting for the next buying or selling opportunity.