BTC is currently up by 2.2% and is being traded at approximately $71,000. The market cap of the leading cryptocurrency is approaching the $1.4 trillion mark, currently standing at $1.398 trillion. According to data from Santiment, there has been a consistent decrease in whale transactions involving at least $100,000 worth of BTC over the last four days.
The number of these transactions has dropped from 14,261 on April 8 to 10,182 over the last 24 hours. Data from Santiment also indicates a decline in the number of daily active addresses, falling from 898,850 to 866,140 in the last 24 hours, coinciding with the decrease in BTC whale activity. In contrast, the BTC Relative Strength Index (RSI) has increased from 48 to 54 over the past day, as per Santiment data.
This suggests that Bitcoin is slightly overheated but remains in good condition.
