Bitcoin whale activity on track for its biggest week this year: Analysts
Bitcoin whale activity has been ticking up as the price of Bitcoin has slumped, and this week could be their most active week all year as Bitcoin fell under $90,000, according to analysts from Santiment.
Bitcoin whale activity could experience its highest spike in weekly transactions this year with Bitcoin falling under $90,000, according to the market intelligence platform Santiment.
The increase in whale activity has grown in step with the slump in crypto prices, Santiment said in an X post on Wednesday.
Bitcoin (BTC) dropped below $90,000 this week — the first time in seven months. Santiment said it has already tracked over 102,000 whale transactions exceeding $100,000, and a further 29,000 transactions over $1 million.
