The article discusses the increase in Bitcoin (BTC) trading activity by whales, particularly short-term holders (STH). The price of BTC soaring above $30,000 in June has led to a shift among different levels of investors in Bitcoin. Mining pools are also driving Bitcoin activities in exchanges, with Bitfinex reporting that mining pool Poolin accounts for the majority of the inflow. Short-term holders now dominate the market with a trend of keeping assets for a maximum of 155 days, which is more common on exchanges. Whales have been capitalizing on the volatile price movements in the market, leading to an uptick in short-term trading activity. BTC is currently trading at $29,238, with outflows recorded in Bitcoin-related products after five weeks of consecutive inflows.
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