- Significant transactions have been made in Bitcoin by large whales in the last 24 hours, according to data from crypto analysis company Santiment.
- While the BTC price continues to trade in a narrow range between $61,000 and $64,000, big whales have been heavily accumulating Bitcoin in the last 24 hours.
- The data shows that giant crypto wallets holding between one thousand and ten thousand BTC have collectively accumulated $941 million worth of BTC in the last day.
Large whales have been actively trading Bitcoin in the last 24 hours, accumulating a total of $941 million worth of BTC, according to data from Santiment.
Whale Activity in Bitcoin Market
According to data shared by crypto analysis company Santiment, giant crypto whales have become extra active in the last 24 hours, making significant transactions in the Bitcoin market. As the BTC price continues to trade in a narrow range between $61,000 and $64,000, these large whales have been heavily accumulating Bitcoin. The data shows that giant crypto wallets, which hold between one thousand and ten thousand BTC, have collectively accumulated $941 million worth of BTC in the last day. This indicates that purchases from whale data have reached their highest level in the last two weeks.
Current State of the Crypto Market
At the time of writing, the world’s largest cryptocurrency is trading at $61,607, down 2.37% in the last 24 hours. On the other hand, the overall crypto market appears to be in a decline over the last 24 hours, led by BTC. ETH is down 3.28%, Solana is down 6.94%, and XRP has lost 2.75% of its value. The BTC network recently crossed a historic threshold, recording its billionth transaction.
Conclusion
Large whales have been actively trading in the Bitcoin market, accumulating a significant amount of BTC in the last 24 hours. While the overall crypto market seems to be in a decline, these whales continue to show their confidence in Bitcoin. It remains to be seen how this increased activity from large whales will impact the Bitcoin market in the coming days.
