Bitcoin "whales" are back in action! Accumulation by these big players, who hold at least 1,000 BTC, has hit a four-year high, reminiscent of the pre-2020 bull run. Bitfinex analysts suggest factors like an anticipated interest rate cut and increased institutional buying could fuel Bitcoin's upward momentum. Meanwhile, Bitcoin has confirmed the $66,000 mark as its new support on the weekly chart. However, Bitcoin price has been stuck due to the distribution of older coins. Analysts suggest we need to wait for a market 'reset' before we see the $65,000 - $70,000 range become a base.