The world’s largest cryptocurrency Bitcoin has been showing greater volatility around $40,000 levels.
Bitcoin whale addresses holding 100 to 10k $BTC have collectively accumulated 18,104 more $BTC since the April 10th price drop below $40k.
Based on the current technical chart levels, crypto analyst Ali Martinez writes: “Bitcoin needs to get back above $40,800 for a chance to rebound to $45,000 or even $50,000.
Along with Bitcoin, the broader cryptocurrency has come under pressure.
Ethereum’s address activity really picked up this week, with Wednesday’s 592k addresses being the highest number of unique interactions in over a month.