Santiment: Crypto whale transactions have dropped significantly since mid-August, but this may not be a bearish signal

According to Mars Finance, Santiment published an article on X saying that since mid-August, there has been a significant decline in crypto whale transactions. Bitcoin: The number of transfers above $100,000 has fallen by 33.6% since the peak in March/April; Ethereum: The number of transfers above $100,000 has fallen by 72.5% since the peak in March/April. Analysts say this is not necessarily a bearish signal. Whales are equally active in bull or bear markets. But it does show that during periods of extreme greed or extreme panic among the masses, large key stakeholders continue to bide their time and wait to take the next step. Since Bitcoin reached its all-time high six months ago, people have reacted very strongly to medium-sized fluctuations. According to sentiment patterns, Bitcoin's return to $70,000 may be accompanied by a lot of FOMO, while a drop to $45,000 may lead to severe FUD.