From Investing.com: 2024-05-17 09:30:31

The latest data from Santiment shows that Bitcoin whales are decreasing their activity, hitting lows not seen since 2024. This could signal a potential increase in selling pressure if BTC remains stable. Despite 100+ BTC whale wallets holding a total of 11.79 million BTC, only 15,907 wallets hold at least 100 coins, contributing to reduced market volatility. Whales holding onto their assets may indicate long-term bullish sentiment and a stable environment for smaller investors. The drop in whale activity, while initially concerning, could bring positive implications for the market.

Read more at Investing.com: Bitcoin (BTC) Whales Almost Disappear From Network, Here’s Reason Why By U.Today