Glassnode and Bitfinex said Bitcoin regained the $61,000 level even as U.S. spot ETF withdrawals continued, pointing to steady buying by longer-term investors.
Bitcoin rose back above $61,000 as long-term holders continued accumulating, offsetting pressure from outflows in U.S. spot ETF products. Glassnode and Bitfinex said the move suggests demand from investors with longer holding horizons is helping absorb selling linked to exchange-traded fund withdrawals, a dynamic closely watched for signs of underlying market strength.