Bitcoin Whales Resume Buying Amid Weak Market Demand

Major Bitcoin holders have resumed active accumulation, signaling a potential local market bottom. CryptoQuant analysts note a shift in the net metric for investors with balances between 1,000 and 10,000 BTC.

Over the past 60 days, their net metric has shifted from -62,600 to +5,230 BTC. Meanwhile, USDT volume on Binance exchange has risen from $790 million to $1.76 billion, increasing potential funds for future cryptocurrency purchases.

Despite positive signals from "whales," the market is not yet ready for sustained growth. The US spot market shows weak demand, while short-term investors continue realizing losses by selling assets.

Selling pressure is easing, but expecting a rally is premature without a return of active demand.