#Opinion

🐳 Bitcoin whale transactions have dropped by 33.6% since March

Analysts from #Santiment calculated that transactions involving amounts over $100,000 have decreased from the peak observed in March of this year.

Experts suggest that this is not necessarily a signal of a bearish trend. Most likely, large players are simply waiting for the most opportune moment to take advantage of extreme greed or extreme fear in the crowd.

🕯 According to Santiment's forecast, a rise in #BTC to $70,000 will trigger a cascade of trades due to #FOMO — the fear of missing out, while a drop in digital gold to $40,000, on the contrary, will be accompanied by significant concerns among most market participants about incurring substantial losses, which could further increase downward pressure on the price.

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