Whale transactions have increased to a level not seen in over six months.
Bitcoin’s exchange netflow suggested the absence of sell-offs.
Recently, a rise in Bitcoin [BTC] whale transactions coincided with a price drop caused by a market crash. Were these transactions indicative of a sell-off, or a strategic accumulation by the whales?
Bitcoin whales step up transactions
In the wake of recent price volatility by the king coin, transactions by Bitcoin whales increased noticeably. According to AMBCrypto’s analysis of Santiment’s chart, transactions over $100,000 rose notably around the 4th and 5th of January.
The chart showed that the number of transactions in this bracket was over 34,000. Notably, this marked the first instance of whale transactions reaching such heights since June 2022.
However, it’s worth noting that the transaction count had reduced to around 9,400 at the time of this writing.
Source: Santiment
Sell-off or accumulation?
The recent transaction surge by Bitc
We współpracy z: https://ambcrypto.com/bitcoin-rising-transactions-cause-speculation-more-inside/
