Crypto dip sees Bitcoin whale transactions reach 4-month peak

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Santiment found that wallets holding between 10 and 1,000 BTC “rapidly accumulated” as Bitcoin fell under $50,000 during “Crypto Black Monday.”

Bitcoin whale transactions hit their highest levels since April during an outsized crypto market rout on Aug. 5 and 6, according to onchain data.

In an X post on Aug. 8, onchain analytics platform Santiment revealed wallets with total holdings between 10 and 1,000 Bitcoin “rapidly accumulated on the price dip that saw crypto’s top asset fall below $50,000.”



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