In the cryptocurrency world, especially market fluctuations and large transactions can indicate investor sentiment and the overall health of the market. Recent data show that the influence of large investors, that is, “whales”, on the market is increasing.

According to data provided by IntoTheBlock, Bitcoin tops the list with a massive trading volume of $43.63 billion on October 21. As of this date, the leading crypto asset is down 2.2% and is trading at $67,500.

However, despite this decline, the balance of addresses holding Bitcoin for more than a year increased by 0.05% to $856.23 billion. This reveals that some investors prefer to protect their assets despite the price decline and are resistant to market volatility.

Another remarkable development occurred in Toncoin. According to yesterday’s data, there was a 93% increase in Toncoin’s whale transactions, reaching $8.21 billion.

Considering TON’s $13 billion market cap, this amount of whale movement could be a sign of panic and uncertainty among investors. The rise of whale transactions is often associated with strategic moves by large investors, which can increase their influence on the market.

At the same time, Cardano whale transactions increased by 28% to $7.23 billion. Wrapped Ether (WETH), on the other hand, showed a 117% increase in whale transactions, reaching $6.16 billion. These increases indicate that ADA and WETH holders continue to remain in limbo amid the market-wide selloff.

Which direction investors choose in this uncertainty and how they respond to market dynamics will affect future price movements.

Whale movements around Ethereum also doubled to $6 billion. Similar to BTC, ETH experienced a 0.04% increase in the balance of long-term investors and has now reached $288 billion.

This shows that large investors remain interested in market dynamics and play a critical role in maintaining the health of the market. The fact that long-term investors aim to increase their assets even during market corrections may be a positive sign for the sustainability of the market.

Additionally, there has been a significant increase in stablecoin whale activity, according to ITB data. Data reveals that exchange outflows of USDC and DAI are increasing. This momentum often heralds an overheated market and can prompt whales to take a step back to look for buying opportunities.

So, investors can take careful steps to evaluate market conditions. How whales act during market fluctuations can also affect overall investor psychology and market trends.

According to data provided by CoinGecko, the global crypto market cap fell by 3.1% in the last 24 hours, falling to $2.44 trillion. However, daily transaction volume increased from $90 billion to $118 billion during the same period.

This shows that market participants’ willingness to trade is high, but the decline in prices also has a significant impact. High trading volume reveals market participants’ willingness to respond to market movements and seek opportunities even amid uncertainty.