Lack of Whale Interest in BitcoinHere we have ChainExposed, a website which shows us how many Whales are buying, essentially.
We can see a clear SPIKE when Bitcoin hit 3k in 2018, and a clear DROP when Distribution began in 2021 at 60k.
If we look at today, with this recent pump, we have seen a large number of whales offloading their positions in the low-mid 20's. This would support the suggestion that this is simply an Upthrust After Distribution (UTAD).
The reason being is that a lot of the buys here, MAY have been retail.
This is just something to be aware of, as we have failed to break 25k for the second time now.