Bitcoin and Ethereum Prices Rebound Amid Whale Accumulation
- Bitcoin surged from $60,000 to as high as $71,000, while Ethereum rebounded from $1,900.
- Two new whale wallets withdrew a total of $249 million in BTC and $63 million in ETH from Binance.
- BTC ETFs saw a daily net inflow of $145 million, maintaining momentum after last Friday’s $371 million inflow.
- ETH ETFs recorded a daily net inflow of $57 million following three days of outflows.
- BitMine purchased an additional $83 million worth of ETH, totaling over $165 million in recent acquisitions.
The rebound in Bitcoin and Ethereum prices is attributed to significant whale accumulation and renewed ETF inflows. This trend suggests increased confidence among both retail and institutional investors following last week’s lows.
With Bitcoin reaching up to $71,000 and Ethereum seeing substantial ETF inflows, the market shows signs of recovery driven by strategic investments from key players like BitMine and large-scale withdrawals by whales. (Source)
