Bitcoin Whales Quiet Down – Here’s Why And What It Means For The Market

Recent data from Santiment indicates a noticeable decrease in Bitcoin whale activity, reaching the lowest levels seen in 2024. This trend shows that holders of large amounts of Bitcoin, known as whales, are drifting away from active trading.
While this could signal a negative trend, the situation presents a complex picture of the cryptocurrency’s market dynamics.
Despite the fall in whale activity, the total number of Bitcoin wallets with at least 100 BTC remains high, at 11.79 million BTC