Bitcoin's Coinbase Premium Index has returned to positive territory, indicating renewed interest from US investors and potential for further upward trend.
The positive Coinbase Premium Index signifies BTC trading at a premium on the Coinbase exchange, reflecting stronger demand and potential institutional accumulation.
The growing number of whale wallet addresses holding 1,000 BTC or more suggests renewed confidence from major investors in Bitcoin amidst recent price fluctuations.
The resurgence of whale investors and increased interest from US markets could bolster Bitcoin's ongoing bullish sentiment and potentially lead to another significant rally.