**Crypto Market Update: Bitcoin Whales on Pause**

Bitcoin whales have hit the brakes on their activity since the cryptocurrency's peak in March, according to recent data from Santiment. Transactions of $100,000 or more have plummeted by 33.6% since Bitcoin's all-time high of $73,679 on March 13. Ether (ETH) has seen an even steeper decline of 72.5%.

Santiment suggests this isn't necessarily bearish. Whales, holding at least 10,000 BTC, are waiting for the next big move, often during extreme market emotions like greed or fear. The Crypto Fear & Greed Index currently sits at 31, indicating a market sentiment of "fear."

Despite Bitcoin's 0.97% drop over the past month, some analysts predict further downside before a potential bull market. Markus Thielen from 10x Research believes Bitcoin could fall to the "low 40,000s" before rebounding.

Crypto traders remain unfazed by the volatility. Reflexical founder Ajeet Khurana advises focusing on fundamentals and long-term vision, while pseudonymous trader Daan Crypto Trades notes that the recent volatility is nothing new.

Stay tuned for more updates as the market navigates these turbulent times.