The Bitcoin whales maintain a bearish behavior !!!!!

Among the group of individual transactions of 1,000 or more bitcoins, there were up to 7 transactions on Tuesday. For Wednesday's session until 14:27 GMT, there are no transactions of this category, with the highest being less than 800 BTC that left Binance. Meanwhile, a shipment of 1,800 left Bitflyer for accumulation.

But it was on Tuesday that the largest inflows to the CEX were recorded, especially towards Coinbase. On this platform, there were 3 combined transactions of 5,867 bitcoins. A total of 2,801 BTC flowed to Binance in two transactions.

Two other large transactions of 1,013 and 1,500 bitcoins entered Bitfinex and Bybit respectively. As mentioned, the total was 11,181 BTC valued at $1.06 billion dollars. This is a significant amount that surely had a huge impact on the decline in the price of the leading cryptocurrency.

It is important to consider that this only accounts for transactions of 1,000 BTC or more. This calculation does not include numerous transactions between 200 and 900 BTC that occurred between Tuesday and what has been seen on Wednesday. All of this highlights that the role of Bitcoin whales continues to be a factor to consider.