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

- Large holders, or "whales," of Bitcoin have been actively accumulating BTC, reminiscent of the precursor to the 2020 bull market.

- Bitcoin in their accounts has reached an all-time high in the last two months.

- Factors such as expected interest rate cuts and increased institutional buying could drive Bitcoin higher.

- On June 10, US Bitcoin exchange-traded funds (ETFs) saw their first day of outflows in 19 trading days.

- On June 11, US Bitcoin ETFs saw over $200 million in outflows.

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

- However, Bitcoin price has stalled despite the rise in realized price, mainly due to the distribution of older coins.