Cryptocurrency Whale Trading Sees Significant⁤ Decline: A Shift⁤ in Market Sentiment?

[뉴욕 = 장도선 특파원] Cryptocurrency whale trading has decreased significantly since mid-August,‍ sparking analysis that this may be​ a process in which large investors seek direction before making a full-scale move.

Cryptocurrency analytics firm Santiment recently reported ​that⁤ large cryptocurrency transactions have dropped⁤ significantly over the past month. Since mid-August, Bitcoin transactions ‍worth over ​$100,000⁤ have fallen 33.6% from their March/April highs, while Ethereum transactions have fallen 72.5% over the same period.

However, Santiment interprets this phenomenon as‌ not‍ necessarily a bearish signal for the​ market. Whales can be ​active in both bull and bear ⁣markets. The recent slowdown in the movement of large cryptocurrency investors​ indicates that they are currently waiting ⁣and ‌watching to move ⁤in the event of extreme popular greed or ⁣extreme fear ⁣in the future, Santiment analyzes.

The general public has been very sensitive to even moderate price movements since Bitcoin hit its all-time high‌ six months ago. Based on market sentiment patterns, Santiment ⁤predicts that if Bitcoin returns to $70,000,⁢ there will likely be a large FOMO (fear of missing out). Conversely, if Bitcoin falls to $45,000, there ⁢will be a ⁢large FUD (fear and uncertainty).

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