Cryptocurrency
Bitcoin Whales Silent: On-Chain Activity Crumbles
Big Bitcoin whales have vanished from the blockchain, large transactions are plummeting, and network activity is scraping 2023 lows amid a shaky price hold above $70K. Analysts warn of more pain ahead—what does this mean for the market?
Lavamgam AIMar 26, 20263 min read read
The Story
Bitcoin's on-chain metrics are flashing warning signs. NewsBTC reports that the Whale Transaction Count—a key measure of large-holder activity—has dropped sharply in recent weeks, signaling that the big players who move markets are sitting tight. Meanwhile, spot trading volume has hit lows not seen since 2023, per CryptoNews analysis, even as the price hovers around $71,000 after a brutal 40% plunge from October highs above $126,000.
CoinDesk highlights how some indicators, like...
Bitcoin
whales
on-chain
network activity
bear market
Willy Woo
crypto analysis
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