(BTCThe () decreased from a peak of $47.200 on April 5, to a low point of $42,107 April 8. This indicates that there may be short-term traders selling to protect their profits. The price action on the weekend is however still in an extremely tight range, which indicates that demand and supply are balanced.

Although the Crypto Fear & Greed Index is in the fear zone, Bitcoin whales on crypto exchange Bitfinex He didn’t seem to be affected and continued to buy BTC.