🎉🎉🎉Good news! Bitcoin whales seem to be taking a break and preparing for the next wave of the market! 🐳🐳🐳
According to Santiment data, on June 23, the total number of Bitcoin whale transactions (US$100,000 or more) was 9,923, a 42% decrease from the 17,091 transactions recorded in the previous two days. This phenomenon may indicate that the short-term volatility of the Bitcoin market will decrease. 📉📉📉
Meanwhile, CryptoQuant CEO Ki Young Ju wrote yesterday that "whale traders on derivatives exchanges are in risk-averse mode." This may mean that they are waiting for the further direction of the market in order to make more informed investment decisions. 🧐🧐🧐
Although Bitcoin may fluctuate in the short term, we are still confident in Bitcoin in the long run! Let us look forward to the next wave of Bitcoin together! 💪💪💪