Bitcoin Whales On Chain Activity Diminishes What It Means For Btc
In this line, Bitcoin’s on-chain whale activity has slowed down in recent weeks as the BTC price consolidates around the $20,000 level. In particular, as of October 23, Bitcoin whale transactions involving 100 BTC stood at 106, representing a drop of about 86% from the 813 transactions registered on July 25, according to DataPool data. Implication of dropping whale transactions It is worth noting that most Bitcoin whale transactions are usually responsible for sudden price swings in the crypto space....