๐ณใData: $BTC The activity level of whales has fallen to a historic low - what are they waiting for?ใ
On-chain data agency Santiment's latest data shows that the activity level of large Bitcoin transfers has dropped to an unusually low level.
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๐ Two key data sets
โถ Daily average transactions over $100,000 $BTC : 6,417 transactions
โ The lowest since September 2023
โถ Daily average transactions over $1,000,000: 1,485 transactions
โ The lowest since October 2024
Both indicators have set recent lows simultaneously, and whales have almost collectively entered a 'silent mode'.
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๐ค What are the whales waiting for?
According to analysis, large funds are largely staying put, mainly observing two things:
โ The final implementation of the CLARITY Act (Cryptocurrency Regulatory Clarity Act)
โก The long-term trend of geopolitical situations
In simple terms: the rules are not yet established, and big money is hesitant to move.
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๐ก What does this mean?
Whale silence historically has two interpretations:
One is - large funds are building momentum, and once the direction becomes clear and they enter the market, it will bring strong one-sided trends.
The other is - the market lacks dominant funds, and the probability of directional breakthroughs in the short term is relatively low, mainly fluctuating.
Currently, both possibilities coexist.
But one thing is certain: when whales 'wake up' and start large-scale transfers, it is often one of the early signals for market movements.
Click $BTC to follow on-chain large transfer dynamics ๐
Do you think whales are building momentum or observing now?
The above is a personal interpretation and does not constitute investment advice.
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