Bitcoin

April

Coin

<ul class="wp-block-list news-points">
 <li>Bitcoin on-chain activity reached $37.4 billion, the highest in seven months.</li>
 <li>The spike in on-chain transactions coincided with whale movements after months of dormancy.</li>
 <li>The whale accumulated $681M in BTC over the last few months at higher values.</li>
</ul>
Even though Bitcoin is facing bearish pressure affecting its price, recent whale activities suggest a promising outlook for the market. On Tuesday, Bitcoin’s network saw a significant surge in on-chain transaction volume, reaching $37.4 billion—the highest level in seven months, according to blockchain analytics platform <a href="https://x.com/santimentfeed/status/1843886201289244706" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>.
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This spike happened at the same time as movements of dormant Bitcoin by whales. For example, one whale took 250 BTC, worth approximately $15.6 million, off the Binance exchange on Tuesday.
This particular whale had been inactive for six months, and the withdrawal was executed one hour before Lookonchain’s report. The <a href="https://coinedition.com/ancient-bitcoin-whale-wakes-up-sends-634k-to-kraken/" rel="noopener noreferrer nofollow">reactivation</a> of these dormant coins has fueled speculation about Bitcoin’s near-term market behavior.
According to Lookonchain, this whale had previously accumulated a substantial sum—10,158 BTC, worth $681 million—between March 14 and April 13 of this ye…
The post <a href="https://coinedition.com/bitcoin-whales-drive-record-37-4b-on-chain-transaction-volume/" rel="noopener noreferrer nofollow">Bitcoin Whales Drive Record $37.4B On-Chain Transaction Volume</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Whales Drive Record $37.4B On-Chain Transaction Volume

Coin Edition

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