Since April 21st, Bitcoin has been attempting a clear trend reversal.
In particular, whale buying activity on Binance has been spotted ahead of each rebound, followed by whales on the U.S.-based Coinbase exchange, contributing to an increasingly positive market sentiment.
A notable indicator is that the Coinbase premium remains steadily in positive territory, suggesting that demand from U.S. investors remains strong, and that recent upward momentum is facing limited resistance from corrective pressure.
Clearly, the market atmosphere before and after April 21st has shifted significantly.
We are now witnessing signs of a structural shift rather than just short-term rallies.
Written by Crypto Dan
