Dropping Whale Activity Continues Across Top Caps
🐳 The decline in overall whale activity across most crypto assets has become more and more noticeable. Peak 2024 $100K+ transaction weeks for BTC & ETH compared to recently:
Bitcoin:
March 13-19: 115.1K Whale Transactions
August 21-27: 60.2K Whale Transactions
Ethereum:
March 13-19: 115.1K Whale Transactions
August 21-27: 31.8K Whale Transactions
Be mindful that a decline in whale activity doesn't necessarily mean they are dumping or prices are likely to drop as a result. Top addresses notoriously become most active during times when volatility is at its highest.
Overall, among activity that is happening from whales, Santiment data still indicates a steady flow of accumulation despite less overall transactions.
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