TechFlow reports that Cryptoquant analyst Crypto Dan said large U.S. whales and institutional Bitcoin purchases have increased again. According to the Coinbase premium spread, U.S. whales, who previously showed selling tendencies, have recently started buying. Although this is currently just a slight rebound compensating for prior declines, the fact that Bitcoin rebounded over the weekend suggests there could be further inflows into spot Bitcoin ETFs during the coming business days, making further upside possible. From a psychological standpoint, market participants have endured prolonged fear and frustration from adjustments, so now appears to be a favorable time for a Bitcoin rebound.
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