Dipped back toward $61,000 on April 17, indicating a lack of demand at higher levels. #Bitcoin’s recent price action has resulted in net outflows from the spot Bitcoin exchange-traded funds (ETFs) on April 12 and 15.
However, a comforting factor for the bulls is that the whales have not panicked and are not selling on weakness.
The whales seem to be holding on to their positions due to the bullish outlook in the long term.
