🐋Bitcoin whales have been playing hide and seek, significantly reducing their transaction activity just before Bitcoin's price dipped below $63,000. That's a 42% decrease in whale transactions, folks!📉

Meanwhile, whale traders speculating on Bitcoin's future price have also pulled back. According to CryptoQuant CEO Ki Young Ju, they're in "risk-off mode". The Crypto Fear and Greed Index has also fallen to a "Neutral" score of 51, the lowest in 51 days.🔮

But don't let the bears scare you! Glassnode lead analyst James Check sees signs of optimism. He suggests that Bitcoin will need to "find a new price range to stoke the fire of fear, greed, panic, or euphoria."🚀

What's your take on this? Are the whales just taking a breather or is there a storm brewing? Let's chat in the comments! #DeFi #Web3 #CryptoNews