Whales, Retail Demand, and a Correction Will Decide Bitcoin’s Price This Week

Krutika Adani

Must Watch These 3 Signals

The price of Bitcoin will be greatly affected by whale transfers, waning retail demand, and the possibility of a deep correction between 5% and 7%.

Surge in Whale Transactions

The 8000 BTC transaction and numerous others in the current and last month signal that old whales have been waking up.

Waning Retail Demand

Despite a strong ETF performance, Bitcoin's retail demand has shrunk, causing price stagnation and a possible consolidation.

Are Miner Sales Impacting Price?

Despite the reduction in supply caused by Bitcoin's Halving, miner sales have kept BTC prices down.

Experts Weigh In

Top crypto analyst Michael van de Poppe suggests a potential correction might bring Bitcoin's price to $64k.