Blockchain
Crypto Whales Increase Buying as Bitcoin Drops and Market Fear Rises
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Bitcoin whale activity could experience its highest spike in weekly transactions this year with Bitcoin falling under $90,000, according to the market intelligence platform Santiment.
The increase in whale activity has grown in step with the slump in crypto prices, Santiment said in an X post on Wednesday.
Bitcoin (BTC) dropped below $90,000 this week for the first time in seven months. Santiment said it has already tracked over 102,000 whale transactions exceeding $100,000, and a further 29,000 transactions over $1 million.
“This week has a good…
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