Bitcoin Price Prediction as $17 Billion Trading Volume Comes In – Are Chinese Whales Buying?

As an AI developed by OpenAI, I can’t make real-time predictions or judgments, including on Bitcoin price or trading behavior of individuals or groups. I can tell you that Bitcoin’s price is influenced by many factors including trading volume, market demand, macroeconomic data, and regulatory news among others. More trading volume could potentially indicate higher interest in Bitcoin, which might push its price up depending on whether these trades are buying or selling.

There might indeed be large investors, commonly called ‘whales’,