{"id":521588,"date":"2023-03-02T17:00:58","date_gmt":"2023-03-02T17:00:58","guid":{"rendered":"https:\/\/wncen.com\/?p=521588"},"modified":"2024-06-11T10:57:26","modified_gmt":"2024-06-11T10:57:26","slug":"decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/","title":{"rendered":"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price"},"content":{"rendered":"<p class=\"p2\">Over the last month, the price of bitcoin has been in a decline. This comes after a fairly bullish month of January where prices of the digital asset returned to pre-FTX collapse levels. But while momentum has hit a roadblock, signaling that the sell-offs may be over, a decline in whale activity could mean that this is not the end of the downtrend.<\/p>\n<h2 class=\"p2\">Bitcoin Whale Numbers Fall To 2019 Levels<\/h2>\n<p class=\"p2\">In early February, the number of Bitcoin whales, which are wallets holding more than 1,000 BTC, reached a new all-time high, according to data from Santiment. What followed was an impressive 70% rally for the digital asset which saw its price surge past $25,000 for the first time in six months.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-whales-shake-off-market-uncertainty-break-7-year-accumulation-record\/?swcfpc=1\">Ethereum Whales Shake Off Market Uncertainty, Break 7-Year Accumulation Record<\/a><\/div>\n<p class=\"p2\">This was not surprising as increased whale accumulations have also come with positive movements in price given that they take a significant portion of supply out of the market. However, with the number of whales holding 1,000 or more BTC declining, there could be more downside to come.<\/p>\n<p class=\"p2\">Santiment notes that this number slid to a new three-year low with a total of 378 wallets losing their whale status from the 2,489 all-time high figure recorded in February. There are currently only 2,011 wallets holding 1,000 BTC or more, down from its yearly highs of 2,266 wallets.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-521591 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/Bitcoin-whales.jpeg?resize=460%2C286\" alt=\"Bitcoin whales\" width=\"460\" height=\"286\"><\/p>\n<pre style=\"text-align: center\">Number of whales holding over 1,000 BTC falls to three-year low | Source: <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/52287232?s=20\" rel=\"nofollow\">Santiment<\/a><\/pre>\n<h2 class=\"p2\">Will Whales Drag Down The Price?<\/h2>\n<p class=\"p2\">The decline in the balances of bitcoin whale wallets could explain the current downtrend in the market. Usually, when investors reduce their holdings, it means they have sold them off, and with these large whales selling off millions of dollars worth of coins, it will certainly have an impact on the market.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p2\">It is also important to note that in 2019 when the figure was this low, bitcoin\u2019s price also struggled tremendously. But it also presented an opportunity for investors to accumulate coins at low prices before the bull market resumed in 2019.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/MQrYeUYL\/\" alt=\"Bitcoin (BTC) price chart from TradingView.com\" width=\"2862\" height=\"1610\"><\/p>\n<pre style=\"text-align: center\">BTC price falls below $23,400 | Source: <a href=\"http:\/\/TradingView.com\" rel=\"nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p class=\"p2\">Additionally, the decline in the number of large BTC whales could also signal more decentralization in the network as coins circulate to smaller retail holders. So while it may end up being negative for the price of the digital asset in the short term, it carries more long-term positive implications.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/crypto\/crypto-market-crawls-to-a-standstill-as-investors-remain-neutral\/?swcfpc=1\">Crypto Market Crawls To A Standstill As Investors Remain Neutral<\/a><\/div>\n<p class=\"p2\">The decrease in the number of whale wallets also shows that if the bitcoin bottom has not been established yet, it is close to being established ahead of the next halving in 2024.<\/p>\n<p class=\"p2\">At the time of writing, the price of bitcoin is trending at $23,404. It is down 1.49% in the last 24 hours with additional 3.62% losses on the seven-day chart.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Follow <a href=\"https:\/\/twitter.com\/BestOwie\" rel=\"nofollow\">Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Forbes, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Over the last month, the price of bitcoin has been in a decline. This comes after a fairly bullish month of January where prices of the digital asset returned to pre-FTX collapse levels. But while momentum has hit a roadblock, signaling that the sell-offs may be over, a decline in whale activity could mean that this is not the end of the downtrend. Bitcoin Whale Numbers Fall To 2019 Levels In early February, the number of Bitcoin whales, which are wallets holding more than 1,000 BTC, reached a new all-time high, according to data from Santiment. What followed was an impressive 70% rally for the digital asset which saw its price surge past $25,000 for the first time in six months. Related Reading: Ethereum Whales Shake Off Market Uncertainty, Break 7-Year Accumulation Record This was not surprising as increased whale accumulations have also come with positive movements in price given that they take a significant portion of supply out of the market. However, with the number of whales holding 1,000 or more BTC declining, there could be more downside to come. Santiment notes that this number slid to a new three-year low with a total of 378 wallets losing their whale status from the 2,489 all-time high figure recorded in February. There are currently only 2,011 wallets holding 1,000 BTC or more, down from its yearly highs of 2,266 wallets. Number of whales holding over 1,000 BTC falls to three-year low | Source: Santiment Will Whales Drag Down The Price? The decline in the balances of bitcoin whale wallets could explain the current downtrend in the market. Usually, when investors reduce their holdings, it means they have sold them off, and with these large whales selling off millions of dollars worth of coins, it will certainly have an impact on the market.\u00a0 It is also important to note that in 2019 when the figure was this low, bitcoin\u2019s price also struggled tremendously. But it also presented an opportunity for investors to accumulate coins at low prices before the bull market resumed in 2019. BTC price falls below $23,400 | Source: BTCUSD on TradingView.com Additionally, the decline in the number of large BTC whales could also signal more decentralization in the network as coins circulate to smaller retail holders. So while it may end up being negative for the price of the digital asset in the short term, it carries more long-term positive implications.\u00a0 Related Reading: Crypto Market Crawls To A Standstill As Investors Remain Neutral The decrease in the number of whale wallets also shows that if the bitcoin bottom has not been established yet, it is close to being established ahead of the next halving in 2024. At the time of writing, the price of bitcoin is trending at $23,404. It is down 1.49% in the last 24 hours with additional 3.62% losses on the seven-day chart.\u00a0 Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from Forbes, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":521604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,83757,1144,78790,14896],"class_list":["post-521588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btc-whales","tag-btcusd","tag-btcusdt","tag-whale"],"acf":[],"yoast_head":"\n<title>Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price<\/title>\n<meta name=\"description\" content=\"Over the last month, the price of bitcoin has been in a decline. This comes after a fairly bullish month of January where prices of the digital asset\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price\" \/>\n<meta property=\"og:description\" content=\"Over the last month, the price of bitcoin has been in a decline. This comes after a fairly bullish month of January where prices of the digital asset\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-02T17:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T10:57:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474\" \/>\n\t<meta property=\"og:image:width\" content=\"711\" \/>\n\t<meta property=\"og:image:height\" content=\"474\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Best Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/BestOwie\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Best Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/\"},\"author\":{\"name\":\"Best Owie\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\"},\"headline\":\"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price\",\"datePublished\":\"2023-03-02T17:00:58+00:00\",\"dateModified\":\"2024-06-11T10:57:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/\"},\"wordCount\":472,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474\",\"keywords\":[\"bitcoin\",\"btc\",\"BTC whales\",\"btcusd\",\"BTCUSDT\",\"Whale\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/\",\"url\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/\",\"name\":\"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474\",\"datePublished\":\"2023-03-02T17:00:58+00:00\",\"dateModified\":\"2024-06-11T10:57:26+00:00\",\"description\":\"Over the last month, the price of bitcoin has been in a decline. This comes after a fairly bullish month of January where prices of the digital asset\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474\",\"width\":711,\"height\":474,\"caption\":\"bitcoin bear\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\",\"name\":\"Best Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"caption\":\"Best Owie\"},\"description\":\"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/BestOwie\"],\"url\":\"https:\/\/wncen.com\/author\/owiebest\/\"}]}<\/script>\n","yoast_head_json":{"title":"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price","description":"Over the last month, the price of bitcoin has been in a decline. This comes after a fairly bullish month of January where prices of the digital asset","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/","og_locale":"en_US","og_type":"article","og_title":"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price","og_description":"Over the last month, the price of bitcoin has been in a decline. This comes after a fairly bullish month of January where prices of the digital asset","og_url":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-03-02T17:00:58+00:00","article_modified_time":"2024-06-11T10:57:26+00:00","og_image":[{"width":711,"height":474,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474","type":"image\/jpeg"}],"author":"Best Owie","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/BestOwie","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Best Owie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/"},"author":{"name":"Best Owie","@id":"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d"},"headline":"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price","datePublished":"2023-03-02T17:00:58+00:00","dateModified":"2024-06-11T10:57:26+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/"},"wordCount":472,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474","keywords":["bitcoin","btc","BTC whales","btcusd","BTCUSDT","Whale"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/","url":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/","name":"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474","datePublished":"2023-03-02T17:00:58+00:00","dateModified":"2024-06-11T10:57:26+00:00","description":"Over the last month, the price of bitcoin has been in a decline. This comes after a fairly bullish month of January where prices of the digital asset","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474","width":711,"height":474,"caption":"bitcoin bear"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d","name":"Best Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","caption":"Best Owie"},"description":"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price","url":"http:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btc whales","btcusd","btcusdt","whale"],"dateCreated":"2023-03-02T17:00:58Z","datePublished":"2023-03-02T17:00:58Z","dateModified":"2024-06-11T10:57:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Decline In Bitcoin Whale Activity Could Signal Further Downside For BTC Price\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/decline-in-bitcoin-whale-activity-could-signal-further-downside-for-btc-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/bitcoin-bear.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/bitcoin-bear.jpeg?fit=711%2C474\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btc whales\",\"btcusd\",\"btcusdt\",\"whale\"],\"dateCreated\":\"2023-03-02T17:00:58Z\",\"datePublished\":\"2023-03-02T17:00:58Z\",\"dateModified\":\"2024-06-11T10:57:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/03\/bitcoin-bear.jpeg?fit=711%2C474","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/521588"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=521588"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/521588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/521604"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=521588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=521588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=521588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}