According to the data, the volume of Bitcoin (BTC) whales trading over $1 million has reached a two-year low, which could historically be a bullish signal.
On-chain analytics platform centiment in his social media post 1 million reported that the volume of Bitcoin whales trading on the dollar has reached the lowest level in the last two years, and possible a bull scenario He laid out the details of how it will take shape. In the share, the volatile price of your Bitcoin and 1 million It was stated that the whale transactions on the dollar were related and a graph was included.
Santiment suggested that this would be a bullish signal in the scenario where the Bitcoin price continues to fall and whale trades over $1 million increase.
If prices continue to drop and there is an increase in whale trades above $1 million, this would historically be a bullish signal.
a bThe data, which is claimed to be a nature signal, was previously seen in December 2020 and Bitcoin $50,000 to $19,000 had experienced a historic rise up to the band.
