Summary
- Bitcoin (BTC) whale trading volume fell 72% over the past two weeks, signaling a significant slowdown in large-scale capital flows.
- The number of whale transactions dropped from 5,767 to 1,637, indicating a contraction in trading volume and whale activity.
- Martinez said that as the market remains in a phase of extreme fear, weakening investor sentiment and rising volatility are interpreted as factors contributing to the decline in whale activity.
Bitcoin (BTC) whale trading volume fell 72% over the past two weeks.
On the 17th (local time), cryptocurrency analyst and trader Ali Martinez said on X (formerly Twitter) that the number of whale transactions declined from 5,767 to 1,637. The figures indicate a marked slowdown in large-scale capital flows.
Martinez explained that the market remaining in a phase of extreme fear is leading to reduced trading activity. The pullback in risk appetite and heightened volatility are seen as factors weighing on the decline in whale activity.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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