JUST

Bitcoin

Show

Analysts at Santiment, one of the most popular cryptocurrency analysis companies, have published a new assessment of the status of BTC as Bitcoin Spot ETF expectations continue.
According to analysts, there is a decline in the Bitcoin price with the start of the weekend, and volatility may increase in the coming period as cryptocurrency whale transactions reach their highest level since June 12, 2022.
According to analysts, such situations of increased whale activity usually come just before a breakout in the price cycle.
On June 11 and 12, 2022, as whales entered the race to buy at the bottom, the number of transactions above $ 100,000 peaked and reached 39,033 transactions. Recently, with the number of whale transactions increasing again, the number of transactions reached a peak of 34,874.
Related News: <a href="https://en.bitcoinsistemi.com/just-in-bloomberg-analyst-eric-balchunas-speaks-about-bitcoin-spot-etfs-according-to-my-sources-its-basically-done/" target="_blank" rel="noopener noreferrer nofollow">JUST IN: Bloomberg Analyst Eric Balchunas Speaks About Bitcoin Spot ETFs - "According to My Sources, It's Basically Done"</a>
In addition, some sudden increases were detected in Bitcoin mining data. According to BTC.com, there was an adjustment to the Bitcoin mining difficulty at block height 824,544, increasing the mining difficulty by 1.5% to 73.2 T, a new record. The hash rate is currently around 541.35 EH/s.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-btc-whales-started-to-show-high-activity-santiment-analysts-comment-on-the-development/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Whales Started to Show High Activity: Santiment Analysts Comment on the Development</a>

Bitcoin (BTC) Whales Started to Show High Activity: Santiment Analysts Comment on the Development

Bitcoin Sistemi EN

Other articles published on Jan 6, 2024

Polychain Capital CEO’s account hacked, promotes fake airdrop

Polygon SAGA Airdrop: A Game-Changer For MATIC Investors?

Arbitrum Coin Rise: Token Hits Record High as Locked Value Surpasses $2.5B

AI Takes the Forefront at CES 2024, Altman Absent but OpenAI’s Influence Looms Large

Ark Invest Sells Coinbase Shares Amidst Market Speculations

HashKey Exchange adopts new compliance measures in Line with Hong Kong’s travel rule

Join our free newsletter for daily crypto updates!