These investors continue to maintain a bearish stance, with many still opening more short positions as BTC keels trading within a tight range. Given the influence of whales on the market, this trend is one that demands attention, as it could reshape the asset’s next direction.
BTC Whales Are Taking A Break From Selling According to Darkfost, whales became more active on the platform as BTC slowly moves closer to the $60,000 level. This slowdown in selling pressure comes after multiple transfers of large portions of BTC into the Binance exchange.
Nonetheless, since the wave of transfers in February, the situation seems to have flipped significantly. Whale activity has declined notably, with the 30-day moving average now sitting around 1,600 BTC sent to Binance per day. The decrease in whale deposits indicates that large players are adopting a wait-and-see approach in the current uncertain market environment.
