Whale wallets have started accumulating Bitcoin again after a period of selling, with on-chain data showing an increase in buying activity as the price hovers around $71K. Long-term holders are currently underwater, while short-term holders may create selling pressure. Positive social commentary on crypto platforms is at a six-week high. Funding rates are negative, suggesting a potential short squeeze if prices rise. Whale transaction volumes are low, and the number of non-zero Bitcoin wallets has reached an all-time high.

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