Bitcoin Whales Fuel Price Rebound with Record Accumulation

Bitcoin's price has been on the rise after a period of decline, and a key factor behind this recovery is the significant accumulation of Bitcoin by whales in the last 30 days. According to data from Bitfinex, these large investors have purchased 270,000 BTC, which is the highest figure since 2013.

This increase in appetite has contributed to a rebound in Bitcoin's price, which has reclaimed its adjusted realized price and is expected to continue its upward trend. The increased demand from long-term investors has also boosted altcoins such as Ethereum, XRP, and Solana, which have seen significant gains in the last two weeks.

The data suggests that there is a notable increase in accumulation addresses, reflecting continued long-term buying behavior by investors. This short-term inflow has sparked more whale accumulation, driving purchases to higher levels than in previous months.