According to Odaily Planet Daily, Santiment published a post on X stating that crypto whale transactions have declined significantly since mid-August.
Bitcoin: The number of transfers above $100,000 has fallen 33.6% since the March/April peak; Ethereum: The number of transfers above $100,000 has fallen 72.5% since the March/April peak.
The analysis said this is not necessarily a bearish sign. Whales are equally active in bull or bear markets. But it shows that large key stakeholders continue to bide their time during periods of extreme greed or panic among the general public.
Since Bitcoin reached its all-time high six months ago, people have reacted strongly to medium-sized moves. Based on sentiment patterns, a return to $70,000 could be accompanied by a lot of FOMO, while a drop to $45,000 could lead to severe FUD.
