In their report, Santiment analysts point out: bitcoin whales have been aiming to replenish VTC stocks, contrary to the view that the final direction of the asset’s price movement has not yet been formed.
Large investors are still convinced of the prospects for growth in the PTS.
Illustrating their observations, Santiment experts report: Bitcoin whale activity gradually declined from the end of March to the first decade of April.
At that time, the value of BTC was moving in a sideways trend, and then rose sharply, reacting to the approach of the mark of $30 000.
In an interview with CNBC, James Lavish, managing partner of Bitcoin Opportunity Fund, said that
“the BTC touching the $30 000 level has activated small speculators on short positions, and large investors are trying to outbid them.”
The head of foreign exchange research at Standard Chartered Bank suggested that BTC is capable of rising in value by about $20,000 if the U.S. defaults on its government debt obligations.