Bitcoin whale demand has strengthened since July 29, with large holders adding about $1.2 billion worth of BTC in a move CoinDesk said points to a recovery in institutional and other big-investor appetite. Wallets holding between 10 and 10,000 BTC accumulated more than 20,000 BTC during the period, while Bitcoin repeatedly traded within a $65,000 range. The report said that on-chain data and ETF fund flows both indicate a rebound in large-investor demand, helping offset some market concerns linked to delays to the Clarity Act. Retail investors moved the other way, continuing to sell. CoinDesk added that if whale accumulation and retail distribution persist, BTC is more likely to break above $70,000 than drop below $60,000.