Yesterday, influenced by the Federal Reserve's (FED) decision, the cryptocurrency market broadly came under pressure, with significant declines observed in Bitcoin (BTC) and various altcoins. This downturn was primarily attributed to rising inflation risks and diminished market expectations for interest rate cuts. Bitcoin's price briefly dipped below the $71,000 mark, followed by substantial pullbacks in Ethereum (ETH) and other altcoins.
Current market sentiment regarding this decline is divided. Some analysts view it as a temporary adjustment, remaining optimistic about continued market upward momentum, while others predict the downtrend may persist.
Amidst the uncertainty surrounding Bitcoin's outlook, on-chain data analytics platform Santiment has released a report highlighting 10 altcoins that have experienced a significant increase in transaction activity. These coins all possess a market capitalization exceeding $500 million.
Santiment's report, based on on-chain data analysis, indicates that over the past month, the following 10 altcoins have shown the highest percentage growth in large-value transactions (exceeding $100,000 per transaction). This suggests unusually active trading by "whale" investors (individuals or entities holding substantial amounts of cryptocurrency):
- (Specific names of the 10 altcoins should be listed here; original text is missing)