Large Bitcoin Transfers Jump to 6-Week Peak as Price Drops Below $70K

Bitcoin’s whales have stepped up their activity following a recent downturn that pushed the asset below $70,000.

On-chain data from Santiment shows that transactions worth $100,000 or more have climbed to their highest level since April 22. The spike marks the most active phase of whale activity in the past six weeks, reflecting a sharp increase in high-value transfers during the price drop.

Source: Santiment