Bitcoin Whale Transactions Reach Highest Level In Over 10 Weeks

According to Odaily, Santiment reported on platform X that the number of Bitcoin whale transactions has surged to its highest level in over 10 weeks. On Tuesday, the network recorded 11,697 transactions exceeding $100,000, with expectations for a new high on Wednesday. Additionally, social media discussions have significantly shifted towards Bitcoin rather than altcoins, with mainstream cryptocurrencies accounting for over a quarter of all discussions. For the first time since July, Bitcoin's price has surpassed the $68,000 mark. These indicators suggest that due to whale profit-taking and high levels of group FOMO, the rally might pause. However, given that mid-to-long-term indicators remain bullish, any price adjustments are likely to be short-term.