Update
Bitcoin Wallets Resume Accumulation
Bitcoin wallets holding between 100 to 10,000 BTC have resumed accumulation, according to Glassnode. These groups spent much of October cutting holdings, but have now added coins. In contrast, US spot Bitcoin exchange-traded funds (ETFs) have continued to record withdrawals, with $95 million in outflows reported by Farside Investors as of Nov. 10. The accumulation is concentrated in two large-wallet groups, while participation elsewhere remains weak.