🤖AI Summary
Bitcoin whale transaction activity has dropped to its lowest levels since September 2023, with large transfers over $100,000 falling to 6,417 daily transactions. Analytics firm Santiment attributes this decline to uncertainty around the CLARITY Act and ongoing global conflicts, suggesting both institutional and retail investors are hesitant to make moves.
Key Takeaways
- →Bitcoin whale transactions over $100,000 have dropped to 6,417 daily, the lowest since September 2023.
- →Transactions over $1 million fell to 1,485, their lowest level since October 2024.
- →Whale activity initially spiked during February's price crash but declined during the subsequent consolidation phase.
- →The quiet whale activity is attributed to policy uncertainty around the CLARITY Act and global geopolitical tensions.
- →Both institutional whales and retail investors are showing similar reluctance to trade amid current uncertainties.
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#bitcoin#whale-activity#on-chain-data#santiment#clarity-act#market-consolidation#large-transactions#institutional-investors
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