Bitcoin (BTC) accumulation by large holders has reached levels not seen since the 2020 bull market. 🐳

- Large Bitcoin holders, or “whales,” are actively accumulating BTC, suggesting a harbinger of the 2020 bull market.

- Bitcoins in their accounts have reached an all-time high over the past two months.

- Factors such as the expected decline in interest rates and increased institutional buying could lead to further growth in Bitcoin.

- On June 10, Bitcoin exchange-traded funds (ETFs) in the United States recorded their first day of outflows in 19 trading days.

- On June 11, Bitcoin ETFs in the United States saw an outflow of funds amounting to more than $200 million.

- Bitcoin price successfully confirmed the $66,000 mark as new support on the weekly chart.

- However, the Bitcoin price has been stuck despite rising realized prices, mainly due to the distribution of old coins.