Bitcoin

Ethereum

<p>Whale activities in the cryptocurrency have sharply declined since mid August. Transactions of $100K or more in Bitcoin and Ethereum, the two largest cryptocurrencies, fell in the period. This suggests a changing trend in the industry. It highlights the decreased activity from significant holders as they continue to wait for possible changes in this market.</p><h2 id="header-0">Bitcoin and Ethereum Whale Transactions Decline</h2><p>According to the recent data from Santiment, the Bitcoin whale transactions are down by 33.6 from its peak activity recorded in March and April. In that time, the Bitcoin whale transactions reached 88,163 transactions while starting from mid-August, the number of transactions fell to 58,539 transactions every week.</p><p>At the same time, the indicator of interaction with Ethereum showed a much higher decline in the activity of large whales. <a href="https://cryptotale.org/ethereum-foundation-sells-550-eth-raising-market-concerns/" rel="noopener noreferrer nofollow">Ethereum’s</a> $100K&#43; transactions reduced 72.5% to 29,864 within a week since mid-August from 108,596 in March &amp; April. The sharp drop in activity of the whales on Ethereum shows that large volumes of transactions do not occur frequently within the network.</p><p><strong>Related: </strong><a href="https://cryptotale.org/whale-transactions-dropyet-accumulation-trend-persist/" rel="noopener noreferrer nofollow">https://cryptotale.org/whale-transactions-dropyet-accumulation-trend-persist/</a></p><h2 id="header-1">Market Sentiment and Future Trends</h2><p>Despite the marked decrease in whale transactions, this isn’t necessarily a signal of bearish sentiment. Whale activity can happen in both bull and bear markets. It often coincides with extreme crowd behavior. Large stakeholders, often referred to as whales, typically wait for periods of extreme <a href="https://cryptotale.org/bitcoin-fear-index-at-22-can-btc-drop-below-50k/" rel="noopener noreferrer nofollow">greed or fear</a> in the market before making significant moves.</p><p><a href="https://cryptotale.org/bitcoin-ethereum-whale-transactions-drop-since-march-peak/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

Bitcoin & Ethereum Whale Transactions Drop Since March Peak

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