Analysis: Bitcoin Whales Quieten as Storm Approaches Cointelegraph reports that Bitcoin whales have been rather calm, with their activity dropping significantly over the past week. This subdued behavior is somewhat surprising, given the recent market volatility and the approach of the highly anticipated "Merge" event for Ethereum. Historically, large Bitcoin transactions have often preceded significant price action, with whales accumulating or distributing coins ahead of major moves. However, the current lack of whale activity could indicate that they are waiting to see how the Ethereum Merge plays out before making any large-scale moves. The Merge, scheduled for mid-September, is a major upgrade to the Ethereum network that will transition it from a Proof-of-Work to a Proof-of-Stake consensus mechanism. This is expected to have significant implications for the cryptocurrency market, and whales may be positioning themselves accordingly. Whether the current whale quietude is a sign of impending market action remains to be seen, but it is certainly a development worth watching.