“After four days of consolidation, bitcoin broke out bullishly above trend line resistance at $44,000 trading rapidly up to a high just shy of $48,000,” Patrick Chu, director of institutional sales and trading at crypto over-the-counter (OTC) trading firm Paradigm, told CoinDesk. “Throughout the period of consolidation, we continued to see bullish views being expressed via call spreads from our institutional client base.”
‘Coinbase Premium’ Indicates ‘Whales’ on Binance May Be Behind Bitcoin’s Rally — CoinDesk
