Bitcoin Whales Buy The Dips In This Correction, BTC Back Above $40000 – Coingape

After facing strong selling pressure over the last weekend, Bitcoin is back above the $40,000 level once again.

These traders – addresses holding <1 month, tend to follow the price action, and in many cases sell at a loss.

Bitcoin has been showing major price movements in the range of $35,000-$45,000.

Australia is set to get its first spot-Bitcoin ETF this week on April 27 which will be listed on the CBOE equities trading exchange.

Citing data from Glassnode, analysts at Blockforce Capital report that a “massive” number of BTC coins have been moving off exchanges.

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