Crypto Whale Activity Dips, But Not Necessarily a Bearish Signal: Santiment

Crypto market analysis firm Santiment has reported a significant decline in whale trading activity since mid-August. Bitcoin transfers above $100,000 have dropped by 33.6% since their peak in March/April, while Ethereum transfers above $100,000 have decreased by 72.5%.

Santiment emphasizes that this is not necessarily a bearish signal, as whales can be equally active during bull or bear markets. However, it does suggest that large key stakeholders are waiting for the right moment to act, especially during periods of extreme greed or fear.

Since Bitcoin's all-time high six months ago, the crowd has become very sensitive to even moderate fluctuations. According to sentiment patterns, a return to $70,000 could trigger significant FOMO (Fear Of Missing Out) among the crowd, while a drop to $45,000 could lead to substantial FUD (Fear, Uncertainty, and Doubt).