Bitcoin Price Rebounds Slightly but Whales Remain Cautious on Further Accumulation

• Bitcoin price has recovered 3% since weekend lows near $61,000, but large BTC holders are yet to resume aggressive accumulation

• Blockchain data shows addresses with at least 0.1% of circulating BTC supply have added just over 3,000 BTC ($198 million)

• Whales often time the market well, so their lack of participation suggests they expect further price declines

• Bitcoin fell over 5% last week amid dollar strength and geopolitical tensions prompting outflows from risk assets

• Traders should watch BTC flows from U.S. spot ETFs on Monday as they impact the netflow indicator