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Key Bitcoin Driver Linked to Current Price Correction Revealed by Max Keiser
According to a recent tweet by Ali Cherts, Santiment has observed a significant reduction in whale activity, indicating a potential driver of the current price correction. A whale is a large cryptocurrency investor who can significantly impact market trends with their actions.
As shown in the graph provided by Ali Cherts (@ali_charts), it appears that there has been an unexpected and substantial decrease in whale trading activity over the past few days.
Santiment’s analysts have identified this change as a potential catalyst for the current price correction. Whale activity is typically seen as a significant factor in cryptocurrency markets, as these large investors can either fuel or slow down market momentum with their trades.
While it is difficult to pinpoint an exact cause of the current market downturn, Santiment’s findings suggest that whale activity may be contributing to the recent price adjustment.
Max Keiser, a prominent cryptocurrency influencer and trader, has commented on this finding, stating that these large investors are likely “giving up” on their trading strategies.
Source: u.today
