Bitcoin whale transaction volume has dropped by more than 40% recently

On June 24th, according to Santiment's statistics, the total number of whale transactions in Bitcoin (worth $100,000 or more) in the past two days was 9,923, a decrease of 42% compared to the previous two days' record of 17,091. The change in whale behavior occurred as Bitcoin's price dropped from $64,685 to $63,422, and further dropped to $62,393 at the time of this article's publication.

In addition, Ki Young Ju, CEO of CryptoQuant, stated that whale traders betting on the future price of Bitcoin have also withdrawn. Whale traders on derivative exchanges are in a risk-averse mode, a term used to describe the bearish change in market sentiment.

Comments

All Comments

Recommended for you

Cointime精选 ·

What is triangular arbitrage in crypto and how to use it?

A triangular arbitrageur spots market irregularities and carries out concurrent trades across three asset pairs while skillfully controlling risk.
Cointime精选 ·

The purpose and functionality of exchange coins and tokens

An exchange coin is a type of cryptocurrency issued by a cryptocurrency exchange to serve various utility functions within the exchange’s ecosystem. These coins, sometimes called exchange tokens, provide users with benefits such as discounts on trading fees, staking rewards and access to special features or services.
Cointime精选 ·

What is a Bitcoin-backed loan, and how to get one?

Bitcoin-backed loans use cryptocurrency holdings as collateral, offering borrowers access to cash while retaining ownership of their Bitcoin.
Cointime精选 ·

What is triangular arbitrage in crypto and how to use it?

A triangular arbitrageur spots market irregularities and carries out concurrent trades across three asset pairs while skillfully controlling risk.
Cointime精选 ·

Hamster Kombat destined for Guinness World Record?

Hamster Kombat claims to be the third-fastest app in history to reach 150 million users. Here’s what you need to know about the viral Telegram-based game.
In the past 24 hours, the transaction volume of Pudgy Penguins was nearly 2 million US dollars, an increase of nearly 700%.

According to Cryptoslam data, the trading volume of "Pudgy Penguins" in the past 24 hours reached 1.977 million US dollars, an increase of 698.98%, surpassing BAYC (about 1.6 million US dollars) and CryptoPunks (about 1.52 million US dollars) to rank first. The data shows that in the past 24 hours, there were 58 transactions for Pudgy Penguins, with 40 sellers and 32 buyers. As of now, the total sales of Pudgy Penguins is about 385 million US dollars.
WorldEs Official ·

Dive Into the Space of RWA With WORLDES

WorldEs is building an entry and trading platform for real world assets (RWA), the secure, efficient way to transfer and verify property rights digitally.
PermaDAO ·

Devs Partner to Build Arweave’s First Lending Protocol Built with AO

Lorimer Jenkins and Marton Lederer, two well known developers in the Arweave ecosystem said that they were partnering to build a decentralised lending and borrowing protocol built on Arweave and AO.
Ethereum liquidity re-staking protocol TVL dropped to $13.052 billion, Renzo TVL dropped 12.55% in 7 days

DeFiLlama data shows that the current total value locked (TVL) in Ethereum's liquidity re-staking protocol is $13.052 billion, with the top five protocols by TVL being:
The supply of stablecoin USDe has exceeded 3.5 billion

According to Etherscan data, the supply of stablecoin USDe issued by Ethena Labs has exceeded 3.5 billion coins, reaching 3,574,642,875 at the time of writing, as reported by Jinse Finance.