Bitcoin price has recovered to above $66,000, overcoming recent difficulties. Current data indicates that the $60,000 level has become a key support level, supported by new whale accumulations and the stability of long-term holders. 🐳

According to CryptoQuant, new whales, defined as addresses holding more than 1,000 BTC for less than 6 months, are actively accumulating Bitcoin near the $60,000 level. This confirms their confidence in entering the market and the strength of this price level as support for BTC. 💪

Long-term whales holding more than 1000 BTC for more than 6 months have shown a stable realized price. This reflects their experienced strategies and low turnover ratios, indicating a long-term approach to accumulation.

Another factor supporting the bullish narrative is the increasing volume of stablecoins entering the market. This trend indicates an increase in liquidity in the market, which is important to maintain the current upward trend.