Analysts: Due to favourable macroeconomic factors, whales are accelerating their accumulation of Bitcoin.

On November 13, according to The Block, Bitcoin has been caught in narrow fluctuations against the backdrop of the overall sideways movement in the crypto market this week. However, analysts point out that beneath the market's apparent calm, large-scale chip accumulation is taking place. Meanwhile, Bitcoin spot ETF has experienced a wave of redemptions after the largest single-day net inflow in a month. On Wednesday, approximately 278 million USD flowed out of Bitcoin spot ETF, while Ethereum spot ETF saw outflows of about 184 million USD; in contrast, Solana spot ETF recorded a net inflow of 18.06 million USD. Timothy Misir, head of research at BRN, stated, “Whales continue to accumulate, adding over 45,000 Bitcoins this week, marking the second largest accumulation since 2025.” At current prices, this amounts to approximately 4.6 billion USD in capital inflow. He added that this indicates that structural positions are gradually being established amid weak capital flows and sluggish market momentum. Blockchain data shows that these purchases are mostly accompanied by an increase in the withdrawal of funds from trading platforms to cold storage accounts, indicating that it is institutional positioning rather than retail investor speculation. After the U.S. government officially reopened this week following the long-delayed passage of a spending bill in the House, ending a 41-day shutdown and releasing about 40 billion USD in delayed liquidity, it restored some confidence in the global market, supporting Misir's statement of “improving macro environment and cautiously optimistic risk sentiment.”