The trading activity of Bitcoin “whales” (individuals or entities holding large amounts of Bitcoin) has slowed down significantly over the past two days, coinciding with Bitcoin’s price drop below $63,000.
According to data from Santiment, on June 23, the total number of Bitcoin whale transactions (holding over $100,000) over the previous two days was 9,923, marking a 42% decrease from the 17,091 transactions recorded in the preceding two days.
This slowdown occurred as Bitcoin’s price fell from $64,685 to $63,422 and continued to drop to $62,231 at the time of writing, based on data from AZC
