Bitcoin whale transactions drop to lowest since September 2023

Whale transfers on Bitcoin just hit lows. Big wallets cut activity.

Santiment tracks $100k+ on-chain transfers. The firm reports a sharp drop in whale transactions on BTC’s network on X.

$100k+ transfers fell to 6,417. This is the lowest since September 2023 source.

$1m+ transfers dropped to 1,485. Lowest since October 2024 source.

Activity spiked during February’s selloff. It faded as price consolidated source.

“Bitcoin’s whale activity has become historically quiet as key stakeholders await clarity from the CLARITY Act, as well as long-term finality to the war,” Santiment wrote on X.

BTC slipped under $68k earlier, then rebounded near $70.8k, per the chart below.