CryptoIntelligence 2024-06-25 02:12:00

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

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

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