Bitcoin tested values just below $30,000 on some exchanges at the beginning of this week. Whale wallets holding at least 1,000 coins took part in the reset of the largest cryptocurrency.
BTC has recently started to win back losses, but it is too early to talk about a radical change in trend.
On Wednesday, during the European session, the largest digital currency is trying to gain a foothold just above $32,000. However, the coin is now trading at around $26,900.
According to the CryptoQuant platform, long-term investors or so-called hodlers have dumped part of their accumulated cryptocurrency in the first days of May.