Recently, the trading volume of Bitcoin whales has dropped by more than 40%

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On June 24, according to Santiment’s statistics, the total number of Bitcoin whale trades (10,000 US dollars or more) in the past two days was 9,923, a 42% decrease from the previous two days’ record of 17,091. The change in whale behavior occurred as the price of Bitcoin fell from $64,685 to $63,422, and further fell to $62,393 at the time of this writing. Meanwhile, Ki Young Ju, CEO of CryptoQuant, said that whale traders who bet on the future price of Bitcoin have also retreated. ‘Whale traders on derivatives exchanges are in safe mode,’ a term used to describe the bearish shift in market sentiment.

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GateUser-73cc2046vip
· 2024-06-24 06:18
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