ChainCatcher news, according to the latest data from blockchain analysis platform Santiment, Bitcoin whales' trading volume has decreased significantly since Bitcoin hit its all-time high in March. Santiment pointed out in a post on September 11: "Since mid-August, cryptocurrency whale trading activity has declined significantly." Since Bitcoin hit a high of $73,679 on March 13, weekly Bitcoin trading volume worth $100,000 or more has fallen by 33.6%.
Santiment stressed that this is not a bearish signal, as whale holders remain active during both bull and bear cycles. As market sentiment remains in a state of "fear," investors are waiting for the next buying or selling opportunity.
