Bitcoin whales see huge drop in trading since March... Seeking big buying and selling opportunities

It has been revealed that Bitcoin whale transactions have dropped significantly. On the 12th (local time), blockchain analysis company Santiment reported that X.
"Cryptocurrency whale activity has declined significantly since mid-August," the company said via Twitter. According to the data, Bitcoin whales hit an all-time high in March.
Since then, they have scaled back trading and appear to be waiting for the next big buying and selling opportunity. Santiment said the first weekly trading of Bitcoin above $100,000 was the first time Bitcoin had traded above $70,360 since hitting its all-time high of $10,000.
It explained that since hitting $79 on March 13, it has fallen 33.6%, while Ethereum has seen a much larger drop of 72.5% in the same period.
However, he said, "a decrease in whale trading is not necessarily a bear market signal."
Whales, the wallets that hold crypto assets, are equally active in bull and bear markets. The cryptocurrency fear and greed index is at the "fear" level, currently scoring 31 out of 100.
Investors typically see buying opportunities when market sentiment is fearful. Bitcoin has fallen 0.97% since Aug. 13, trading at $58,360, but
Some analysts believe the asset could fall further before reaching a cycle bottom.