‘Accumulation beneath the surface’: Bitcoin rebounds above $61,000 as long-term holders accumulate amid steady ETF outflows

60-second summary

Bitcoin price rebounds above $61,000 as long-term holders accumulate their coins, according to data from Glassnode and Bitfinex. This accumulation trend is occurring despite steady ETF outflows, indicating a potential shift in investor sentiment. Market participants are closely watching this development, as it could signal a longer-term price increase, potentially offsetting recent volatility and boosting investor confidence.