{"id":29099,"date":"2024-09-12T16:30:09","date_gmt":"2024-09-12T13:30:09","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=29099"},"modified":"2024-09-12T14:10:34","modified_gmt":"2024-09-12T11:10:34","slug":"bitcoin-btc-whale-activity-declines","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-btc-whale-activity-declines\/","title":{"rendered":"Bitcoin (BTC) Whale Activity Declines!"},"content":{"rendered":"<p>Blockchain analytics firm Santiment has observed a drop in Bitcoin whale activity, but notes that this decrease may not necessarily have a negative impact on the price.<\/p>\n<p>According to Santiment, since Bitcoin reached its all-time high on March 13, the volume of weekly transactions worth $100,000 or more has dropped by 33.6%. <a href=\"https:\/\/coinengineer.net\/blog\/based-rollups-are-proposed-as-a-solution-to-ethereum-layer-2-problems\/\">Ethereum<\/a>, however, has seen an even steeper decline of 72.5% during the same period. Despite these numbers, Santiment emphasizes that this doesn\u2019t automatically signal a bearish trend, as whales holding at least 10,000 BTC tend to remain active regardless of market conditions, both in bull and bear markets.<\/p>\n<p><strong>Bitcoin (BTC) Seeking Direction<\/strong><\/p>\n<p>The market sentiment, as reflected in the Crypto Fear and Greed Index, remains in the \u201cfear\u201d zone. The index currently sits at 31 out of a possible 100 points. In times like these, many investors view fear as a potential buying opportunity. While Bitcoin has slipped 0.97% since August 13, currently trading around $58,360, some analysts believe further declines could occur before reaching a market bottom.<\/p>\n<p>On August 7, Markus Thielen, Head of Research at 10x Research, suggested that Bitcoin ideally needs to drop below $40,000 to set the stage for the next bull market. Meanwhile, Santiment stated that if BTC falls to $45,000, it could trigger fear, uncertainty, and doubt (FUD). However, should it surge toward $70,000, it could ignite a fear of missing out (FOMO) among investors.<\/p>\n<p>As volatility continues to grip the crypto market, many traders are hopeful that this turbulence is only temporary. Reflexical founder Ajeet Khurana noted in a post on X (formerly Twitter) on September 11, \u201cDuring periods of market turbulence, it\u2019s easy to lose sight of the bigger picture.\u201d<\/p>\n<p><em>In the comment section, you can freely share your comments about the topic. Additionally, don\u2019 t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain analytics firm Santiment has observed a drop in Bitcoin whale activity, but notes that this decrease may not necessarily have a negative impact on the price. According to Santiment, since Bitcoin reached its all-time high on March 13, the volume of weekly transactions worth $100,000 or more has dropped by 33.6%. Ethereum, however, has<\/p>\n","protected":false},"author":1,"featured_media":24991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,7346,105,1674,539],"class_list":["post-29099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto-fear-and-greed-index","tag-ethereum","tag-fomo","tag-fud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin (BTC) Whale Activity Declines! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-btc-whale-activity-declines\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin (BTC) Whale Activity Declines! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Blockchain analytics firm Santiment has observed a drop in Bitcoin whale activity, but notes that this decrease may not necessarily have a negative impact on the price. 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