Bitcoin Whale Trading Volume Has Declined Significantly Since March Peak
According to the latest data from blockchain analytics platform Santiment, bitcoin whales have seen a significant decrease in trading volume since March, when bitcoin hit an all-time high.Santiment noted in its September 11th X post that “cryptocurrency whale trading activity has declined significantly since mid-August.” Since March 13, when Bitcoin hit a high of $73,679, weekly trading volume in Bitcoin worth $100,000 or more has declined by 33.6 percent.
Santiment emphasized that this is not a bearish sign, as whale holders remain active throughout the market's bullish and bearish cycles. With market sentiment still in a state of “fear,” investors are waiting for the next buying or selling opportunity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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