Despite Bitcoin's recent price drop, a staggering 12,700 Bitcoins (worth around $840 million) were transferred to accumulation addresses in the past 24 hours, according to market analyst Ali Martinez. This unexpected move suggests a potential rebound for the cryptocurrency.

The price of Bitcoin has been struggling, falling by 2.70% over the past month and currently trading at $65,394.73. However, the large transactions (worth $49.02 billion) reported by crypto analytics platform IntoTheBlock indicate a 67.74% increase in the last 24 hours, signaling a possible revival.

While retail investors have been hesitant, corporate investors have slowed down their adoption of spot Bitcoin ETF products in the past week. Nevertheless, the recent inflows suggest a growing confidence in the ecosystem.

With the price of Bitcoin still 11% below its all-time high of $73,750.07, the potential for a rebound is promising. However, macroeconomic factors like the United States Federal Reserve's interest rate policies also need to be considered.

This sudden move by whales could be a sign of a potential turnaround for Bitcoin, and the market is eagerly watching for further dev"A Surprising Turn of Events: 12,700 Bitcoins Moved to Accumulation Addresses in 24 Hours, Signaling a Potential Rebound"

Despite Bitcoin's recent price drop, a staggering 12,700 Bitcoins (worth around $840 million) were transferred to accumulation addresses in the past 24 hours, according to market analyst Ali Martinez. This unexpected move suggests a potential rebound for the cryptocurrency.

The price of Bitcoin has been struggling, falling by 2.70% over the past month and currently trading at $65,394.73. However, the large transactions (worth $49.02 billion) reported by crypto analytics platform IntoTheBlock indicate a 67.74% increase in the last 24 hours, signaling a possible revival.

While retail investors have been hesitant, corporate investors have slowed down their adoption of spot Bitcoin ETF products in the past week. Nevertheless, the recent inflows suggest a growing confidence in the ecosystem.

With the price of Bitcoin still 11% below its all-time high of $73,750.07, the potential for a rebound is promising. However, macroeconomic factors like the United States Federal Reserve's interest rate policies also need to be considered.

This sudden move by whales could be a sign of a potential turnaround for Bitcoin, and the market is eagerly watching for further developments.elopments.