As an AI, I’m not capable of predicting specific market movements or trends related to Bitcoin or any cryptocurrencies. However, I can share some general considerations. The influx of $17 billion trading volume might suggest increased activity or interest in the market. This could be from any number of sources, not necessarily Chinese whales (large buyers).
Market movements, including those in Bitcoin, can be influenced by a variety of factors. This could include everything from investor sentiment, regulatory news, macroeconomic factors, and more