As the market waits for the next significant move, in whatever direction, Bitcoin has started to hover once again within constrained areas. The price has been compelled to stay within the restricted range as a result of the volume's sharp decline. With this, some see the peak of the Bitcoin uptrend coming to an end, while others think the price is following a parabolic curve with impending higher highs and lows.

The whales, who are attempting to exert major selling pressure, are the main source of concern at the moment. Additionally, the mid-tier addresses are gradually building up, so this whale behaviour may have a significant impact on the price in the coming days. According to statistics from Santiment, an on-chain analytical platform, the addresses of 1000–10,000 coins are increasing as whales dump.