$BTC Bitcoin Whales Recover but Short-Term Holders Sink #BANK

Bitcoin is not showing a clean bullish reversal or a renewed capitulation. The data instead points to a market capable of producing a sharp rebound through positioning, but one that still needs stronger spot accumulation and improving capital flows to turn that move into a sustainable recovery. #DEXE

Small whales have returned to unrealized profit.

Short-term holder market cap broke its 2024 low.

Exchange netflow reached positive 5,044 BTC.

Open interest rose as funding turned negative.
Fresh spot demand remains the missing confirmation.