This view is also weird. Isn't it bearish or bullish? !
Viewpoint: The obvious weakening of Bitcoin whale activity is not necessarily a bearish signal
On September 12, crypto market analysis agency Santiment said that since mid-August, the whale trading activity of cryptocurrencies has declined significantly. Since the peak in March/April, Bitcoin transfers above $100,000 have fallen by 33.6%, and Ethereum transfers above $100,000 have fallen by 72.5%.
It emphasized that this is not necessarily a bearish signal. Whales are equally active during bull or bear markets. But it does show that in times of extreme greed or extreme fear, large key stakeholders will continue to bide their time and wait for the next move.
Since BTC hit an all-time high six months ago, the crowd has been very sensitive to medium-sized fluctuations. According to sentiment patterns, a return to $70,000 may be accompanied by major crowd FOMO, while $45,000 may lead to major FUD.
