Bitcoin (BTC): the number of whale transactions has fallen to its lowest level since September 2023, with large transfers of over $100,000 dropping to just 6,417 per day, as big-money investors withdraw amid political uncertainty and geopolitical tensions.
Decrease in BTC whale activity
The analysis company Santiment reported this decline in a post on X, noting that the daily number of whale-sized transactions — those over $100,000 — has sharply decreased since early February. This metric had surged during the BTC price crash earlier in the month, when large holders moved aggressively during the period of high volatility.
Since then, however, the market has entered a phase of consolidation.
Whale activity has quickly declined and has not managed to recover, even when Bitcoin briefly attempted a rebound. Transfers of more than $1 million have also slipped to 1,485, their lowest level since October 2024.
Also read: Can Bitcoin Hold $70K Or Will Bears Take Over?
Sentiment about « smart money »
Sentiment indicates that this calm period does not clearly point in a bullish or bearish direction. The company emphasizes that whale activity has become « historically silent », with players awaiting clarification via the CLARITY Act and a resolution to ongoing geopolitical conflicts.
« What this indicates is that the smart money is currently in the same boat as small retail investors, and it is hesitant to move as long as political and global uncertainty remains so strong, » explains the firm. Bitcoin fell earlier below $68,000, before bouncing back around $69,800.
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