The latest statistics from Santiment, a popular on-chain analytics platform, reveal a significant decrease in whale transfers for Bitcoin and Ethereum. Whale transfers for Bitcoin have dropped by 33.6% since their peak in March and April, while Ethereum has experienced a massive 72.5% drop during the same period. Despite this decline, Santiment suggests that it is not necessarily a bearish signal, as historical data shows that whales remain relatively calm in extreme market situations. The dip in large transactions could indicate that these holders are waiting for the right moment to make significant moves based on market conditions. Santiment also notes that retail investors are highly responsive to even small market movements, and if Bitcoin were to reach its previous all-time high, a FOMO wave could potentially drive prices higher as retail investors chase upward momentum.



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