BTC Rebounds to $67K After Subdued U.S. Economic Data Reading

The variety of so-called whales or community entities holding a minimum of 1,000 BTC rose to 1,678 early this weekand reached the best degree since January 2021, based on information tracked by Glassnode and Bitwise. Rising accumulation by massive holders alongside strong adoption of other automobiles, particularly US-listed spot ETFs, alerts rising confidence in bitcoin’s worth prospects. In the meantime, retail investor accumulation has slowed, with the cryptocurrency’s worth nearing $70,000, based on analytics agency CryptoQuant. “Retail investments are up simply 1K Bitcoin within the final thirty days, a traditionally gradual tempo,” CryptoQuant analysts informed CoinDesk.