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Breaking News: Crypto Bill Clash: Coinbase Rejects CLARITY Act Changes On Stablecoin Yields

Bitcoin Whales Go Silent: Large Transactions Plummet

Keshav Verma
Keshav Verma
Last Updated: March 26, 2026 7:00 am
3 mins read
Bitcoin Whales

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On-chain data shows the Bitcoin Whale Transaction Count has witnessed a drawdown recently, a sign that big-money investors have reduced their activity.

Bitcoin Whale Transaction Count Has Dropped To Lows

In a new post on X, analytics firm Santiment has talked about the latest trend in the Bitcoin Whale Transaction Count. This indicator measures the daily total number of transfers occurring on the BTC network that involve a sum of more than $100,000.

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Transactions with such a large value are usually considered to be coming from the whale entities, so this metric’s value basically reflects the activity that the large hands are participating in.

When the value of the Whale Transaction Count goes up, it means the number of moves being made by the whales is rising. Such a trend suggests big-money interest in the cryptocurrency may be climbing.

On the other hand, the indicator witnessing a decline could imply the large entities are shifting their attention away from the asset, as they are making a fewer number of transfers.

Now, here is the chart shared by Santiment that shows the trend in the Bitcoin Whale Transaction Count and its 7-day moving average (MA) over the last few years:

Bitcoin Whale Transaction Count
The value of the metric seems to have been going down in recent days | Source: Santiment on X

As displayed in the above graph, the Bitcoin Whale Transaction Count saw a notable spike during BTC’s price crash to start February, indicating whales became active. This isn’t anything unusual, as investors tend to make moves while the market is behaving in a volatile manner.

As BTC has fallen into a phase of consolidation since this crash, however, the Whale Transaction Count has seen a rapid drop. The recent attempt at recovery also couldn’t ignite activity from the whales. Santiment noted:

Bitcoin’s whale activity has become historically quiet as key stakeholders await clarity (literally) from the CLARITY Act, as well as long-term finality to the war.

The Whale Transaction Count is currently sitting at 6,417, which is the lowest level for $100,000+ transfers since September 2023. In the same chart, the analytics firm has also attached the data for the transactions valued at more than $1 million. From this curve, it would appear that the massive transfers are down to 1,485, their lowest since October 2024.

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Now, what could this trend mean for the market? Well, the answer to that question may not concretely lean in either the bullish or bearish direction. As Santiment explained:

What it does signal is that smart money is in the same boat as smaller retail holders at the moment, and have been reluctant to make moves with so much policy and global uncertainty at play.

BTC Price

Bitcoin dropped back under $68,000 earlier, but the cryptocurrency has since seen a rebound as its price is now back at $70,800.

Bitcoin Price Chart
The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com
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Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
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