The silence of Bitcoin whales worries some market observers, who wonder if a storm is on the horizon. Since March, transactions by these major players have plummeted. Santiment, the blockchain analysis platform, nevertheless reassures by emphasizing that this inactivity could well be strategic. In the meantime, the crypto market lives to the rhythm of speculation and expectations of a new massive movement.
Bitcoin whales waiting for a big break?
Since March, Bitcoin whale transactions, i.e. wallets containing at least 10,000 BTC and investors capable of threatening market stability, have declined dramatically. Santiment note a fall by 33.6% in transfers exceeding $100,000.
But those who are wary of the market can rest assured: this drop is not not necessarily a bearish sign. Rather, it could simply indicate that the whales are waiting for another opportunity to strike hard.
- Bitcoin: -33.6% of transactions above $100,000;
- Ethereum: -72.5% for transactions of the same caliber.
According to Santiment, “ The big players continue to wait, waiting for their next move while the crowd oscillates between fear and euphoria. “.
So, should we worry? Not so fast, because These actors know better than anyone when to step on the accelerator…or the brake.
Crypto market more volatile than ever
Meanwhile, the crypto market never really sleeps. Despite the decline in whale activity, Volatility remains present. Some traders, as pointed out Ajeet Khuranaprefer to focus on the fundamentals:
” Bitcoin Price Is Volatile, But Stay Grounded in Common Sense and a Long-Term Vision “.
Moreover, according to the Crypto Fear & Greed Index, which currently has a score of 31anxiety still reigns in the hearts of investors. However, many see in this fear a buying opportunityhoping for a return to highs of $70,000.
For others, a plunge to $45,000 could just as easily cause panic (FUD) before triggering a buying frenzy (FOMO) if the market rebounds. In short, even in times of apparent calm, a storm could well be brewing behind the scenes.
And yet, Bitcoin whales have not been so silent, having accumulated 133,000 BTC in one month. Enough to shake the market… or propel it.
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