$BTC Bitcoin – $75K or $55K? Here’s where BTC will go next

A lack of demand is visible here. Only Grayscale Bitcoin ETF (GBTC) saw consistent outflows, but some others such as ARKB joined it on the 25th of April.

This was a reflection of the lack of bullish conviction after the halving.



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Crypto analyst Ali Martinez brought another interesting factor into the conversation. The whale transaction count has been in decline since mid-March.

The price of Bitcoin also lost its higher timeframe bullish impetus during the past month.