Bitcoin wallets with 1K-10K BTC rise – Will whale confidence spur a bull run?
Supply: Glassnode
Supply: X
Whereas retail buyers scrambled in panic, whales noticed alternative and pounced. On the 14th of April, a single whale snapped up 1,500 BTC price $127 million on OKX.
Regardless of recent profit-taking, with over 29,000 BTC offloaded for the reason that ninth of April, the tides are clearly shifting once more.
Supply: X
Two whales withdrew a staggering 4,372 BTC (round $372 million) in simply 24 hours, with one pulling 500 BTC ($42.85M) from OKX alone, suggesting that regardless of profit-taking, whales are again in accumulation mode.
Bitcoin worth outlook
Bitcoin was at $83,912 at press time, displaying slight positive factors however missing sturdy directional conviction. The RSI was close to 50, signaling a impartial zone with no clear bullish or bearish momentum.
In the meantime, the OBV remained comparatively flat, suggesting weak shopping for stress regardless of minor recoveries.
Supply: TradingView
The worth has shaped a good consolidation vary after the early April dip, indicating market indecision.
Until BTC breaks above the $85K resistance with convincing quantity, sideways motion or perhaps a retest of help close to $80K stays on the desk.
