IntoTheBlock said in a post on X that although the accumulation of BTC whales has slowed down, the weekly net flow has remained positive for nearly 4 months. The last time large holders saw a weekly net outflow was in May.
Bitcoin spot cumulative volume increment (CVD) data shows significant trading activity across exchanges. Buying pressure was evident in early 2024, correlating with Bitcoin's all-time high in March. The surge could be attributed to increased investor confidence following the launch of the spot Bitcoin ETF in January, as well as growing institutional interest, which has been a major driver of recent market trends....