Bitcoin (BTC) has regained its appeal among long-term investors and whales, who have been accumulating significant amounts of the cryptocurrency over the past month. This renewed interest has helped Bitcoin hold above $71,000, signaling a potential sustainable price rally.

According to CryptoQuant, the balances of long-term investors and whales have been increasing rapidly, indicating a strong belief in Bitcoin's future performance and value appreciation potential. Additionally, major investors have been providing daily inflows of $1 billion over the past month, demonstrating their growing interest in the cryptocurrency. Spot Bitcoin ETFs in the US have also seen increased buying activity, further boosting demand and supporting price stability.

Data shows a decrease in intense selling by investors, with the unrealized profit ratio resetting to 0%, suggesting a market equilibrium point. This reduction in selling pressure could pave the way for future gains. In the past 30 days, persistent investors accumulated 70,000 BTC, with demand from whales increasing by 4.4% monthly. Spot Bitcoin ETFs saw inflows for 18 consecutive days, with a total net inflow of $218 million as of June 6, 2024.

In conclusion, Bitcoin's renewed appeal among long-term investors and whales is a positive sign for the cryptocurrency's future. With increasing demand and decreasing selling pressure, Bitcoin may be poised for future gains. As the market continues to evolve, it's clear that Bitcoin remains a valuable asset in the eyes of major investors.