đ Bitcoin Whales Take a Breather: Whatâs Next? đ
In a market showing signs of consolidation, Bitcoin whale activity has seen a notable decline. According to Santiment, transactions over $100k dropped from 115.1k in March to just 60.2k by late August. While this might seem alarming, itâs not necessarily bearish. đ§
Whales often move during volatile times, and their current quietness could indicate a strategic accumulation phase. This suggests theyâre positioning for future gains rather than exiting the market. đ
Despite a rocky August, with BTC down 8.6%, strong support around $54k could set the stage for a rebound. Stay optimistic, Bitcoiners! đ
