In the last 24 hours, Bitcoin (BTC) and altcoins experienced a significant decline, with Bitcoin reaching a low of $94,000 before recovering. Altcoins were more heavily impacted by the decline, and Santiment, a cryptocurrency analysis platform, revealed that whales transferred over $25 million worth of altcoins to exchanges during and after the drop. The altcoins mentioned include Wrapped Bitcoin (WBTC), Uniswap (UNI), Ethena (ENA), and Chainlink (LINK). Santiment listed the specific amounts transferred for each altcoin, with WBTC and UNI being the highest. It is suggested that an overheated market environment after the rise in November may be behind the decline. Note that this summary does not constitute investment advice.



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