Bitcoin Rebounds From $74,000 Low As Whales Crank Up Activity

Bitcoin has bounced back from its latest low as on-chain data shows the Whale Transaction Count has witnessed a spike on the network. Bitcoin Whale Transaction Count Has Just Seen A Large Spike As pointed out by analyst Ali Martinez in a new post on X, whales notably upped their activity during the recent price surge. The indicator of relevance here is the “Whale Transaction Count” from the on-chain analytics firm Santiment, which measures the total number of transfers occurring on the Bitcoin blockchain that are carrying a value of more than $1 million. Only the whale entities are capable of moving amounts this large with single transactions, so the Whale Transaction Count is assumed to correspond to the activity of these humongous investors source: https://www.newsbtc.com/bitcoin-news/bitcoin-rebounds-74000-low-whales-up-activity/