While retail investors scrambled in panic, whales saw opportunity and pounced. On the 14th of April, a single whale snapped up 1,500 BTC worth $127 million on OKX.

Despite recent profit-taking, with over 29,000 BTC offloaded since the 9th of April, the tides are clearly shifting again.

Two whales withdrew a staggering 4,372 BTC (around $372 million) in just 24 hours, with one pulling 500 BTC ($42.85M) from OKX alone, suggesting that despite profit-taking, whales are back in accumulation mode.

Bitcoin price outlook

Bitcoin was at $83,912 at press time, showing slight gains but lacking strong directional conviction. The RSI was near 50, signaling a neutral zone with no clear bullish or bearish momentum.

Meanwhile, the OBV remained relatively flat, suggesting weak buying pressure despite minor recoveries.

The price has formed a tight consolidation range after the early April dip, indicating market indecision.

Unless BTC breaks above the $85K resistance with convincing volume, sideways movement or even a retest of support near $80K remains on the table.