Editor's PiCK
[Analysis] "Bitcoin (BTC), Large Transactions Plunge 51% in a Month... Whale Trading Activity Declines"
Minseung Kang
Summary
- Large-scale Bitcoin transactions have reportedly decreased by over 51%.
- This decline suggests a sharp decrease in trading activity among whale investors.
- The BTC price has fallen by 0.71% to $93,709.
Large-scale Bitcoin (BTC) transactions have reportedly decreased by over 50% recently.
On the 13th, cryptocurrency analyst Ali Martinez stated on X (formerly Twitter) that "large transactions occurring on the Bitcoin network have decreased by 51.64% to 16,180 from last month's 33,459."
The analyst explained, "This suggests a sharp decline in trading activity among whale investors."
BTC price is trading at $93,709, down 0.71% from the previous day, based on the Binance USDT market at 16:00.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
