Bitcoin whale transactions have decreased significantly, leading to a decline in BTC circulation and exchange balances. However, regular transactions have surged to an all-time high, indicating resilience and continued momentum. Glassnode's data shows a significant slowdown in whale transactions, with an 85.4% decline in inflow value compared to the peak. Despite this, Bitcoin has maintained a healthy flow of activity across exchanges, with notable inflows and outflows. Retail transactions have been driving up the overall transaction count, even without substantial contributions from whales.
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Bitcoin Whale Transactions Experience Significant Decline, Impacting BTC Circulation and Exchange Balances
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