Where are the whales? Bitcoin is enjoying some 'summer relief' this week, but hibernation continues for whale wallets. (Reporting via WilliamSuberg)
"Whales remain in hibernation, waiting for the right moment to wake up," he observed.
"Institutional movements, or commonly called"whale activity" can be tracked based on the transaction volume moved over a short period of time, both denominated in BTC and USD." An accompanying chart showed a distinct lack of large-volume transactions on the network in recent months, with only the"Here we have a clear view of the low institutional activity, almost non-existent after the month of May, which was briefly awakened during the LUNA crash but which returned to hibernation," Oliveira added.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com.
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