Bitcoin whales transactions peak at highest level in a month

Bitcoin whales continue to rely on the “buy the dip” strategy to increase their long-term positions. After the BTC price plunged to $34,700 following Russia’s invasion of Ukraine, whales made massive purchases.

According to the blockchain analytics company Santiment, the number of transactions above $100,000 and $1 million reached the highest level since January, 24th.