Bitcoin hits a multi-month high, sparking increased whale activity, record accumulation in addresses, and a surge in futures open interest.

Bitcoin (BTC) opened the week on a strong note, surging to a new multi-month high of $69,500 on Monday. However, it failed to maintain its momentum toward the $70,000 mark, leading to a retracement to $67,563.

This represents a 2.08% decline over the last 24 hours, despite maintaining a 3.22% increase in the past week. Notably, Bitcoin’s recent price action has sparked an increase in whale activity, with large-scale investors steadily accumulating the crypto.

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