CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-06-25 02:12:00

Bitcoin Whales Reduce Activity as Price Falls Below $63,000, Analysts See Mixed Signals

In the past two days, Bitcoin whales have significantly reduced their transaction activity just before Bitcoin’s price dipped below $63,000. According to data from Santiment, on June 23, the total number of Bitcoin whale transactions (those exceeding $100,000) dropped to 9,923, marking a 42% decrease from the 17,091 transactions recorded during the two preceding days. This shift in whale behavior coincided with Bitcoin’s price decline from $64,685 to $63,422, and it has since fallen further to $62,531 at the time of publication, as reported by CoinMarketCap. At the same time, whale traders who speculate on Bitcoin’s future price have also

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.