whales

There Is A Decrease In The Number Of Bitcoin Whales: The Lowest Number Since 2019

This past Sunday (19), the amount of Bitcoin whales—those holding more than one thousand BTC units—declined to its lowest rate since August 2019. This indicates a sudden barren spell for whales, providing insight into their confidence in the current market and Bitcoin itself. Although it may seem simple, whale activity and success highly depend on relevant conditions, such as the currently muted environment that influences market price action. Consequently, Sunday…