Bitcoin (BTC) saw renewed momentum and headed back towards $29,000 on April 5, with data showing whale orders guiding price action. Binance order book data showed large-volume "whale" traders buying, potentially pushing the market higher in the short term. However, some analysts warned that the same traders could be artificially pushing the market higher to sell closer to $30,000. Meanwhile, largest altcoin Ether (ETH) looked primed for an attack on $2,000, having gained nearly 5% in the past 24 hours. Trading suite Decentrader noted that funding rates had already been hinting at the upside to come for ETH/USD, and analysts were optimistic about altcoins in general.
(By WILLIAM SUBERG)
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