Bitcoin experienced a recovery after a price dip, spurred by increased whale activity on the network. On Monday, whale transactions, defined as transfers exceeding $1 million, peaked at 1,715, according to data from Santiment reported by analyst Ali Martinez. This surge in whale activity coincided with a price rally, suggesting large entities capitalized on the dip. However, whale activity has since cooled off today. Separately, 365 BTC dormant for over 10 years were moved yesterday, a potentially bearish signal, as noted by CryptoQuant analyst Maartunn. Bitcoin, after nearing $81,000 yesterday, retraced to $79,700.
Bitcoin Whales Trigger Recovery with Increased Activity, While Ancient Coins Stir Market Concerns
Edited by: Yuliya Shumai
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