Bitcoin whale activity has increased recently, causing sell pressure in the market.
Some on-chain data was high before a recent meeting, but hasn't impacted exchanges yet.
A group of bitcoin holders is expected to support the market at $20.4K if there is selling.
Ethereum is showing positive signs with increased activity and high number of transactions and contract calls
HOW IT IMPACT THE BITCOIN PRICE
Increased activity of Bitcoin whales can lead to increased selling pressure
Significant selling pressure can decrease the price of Bitcoin