Santiment says that the five biggest Bitcoin transactions so far this year all occurred in March, with the largest BTC transfer worth about $564 million.
the size of the BTC transactions along with the decrease in Bitcoin’s whale and shark population could suggest that large entities are locking in gains.
“Based on the very large transactions going on in March, as well as the 10 – 10,000 BTC address tier continuing to slide down (by percentage) and taper off (by total addresses), it does look like there are some legitimate caution flags to be wary of if you’re hoping to see Bitcoin surge to $35,000 and beyond…"
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