Bitcoin jumps from $60,000 to $71,000 as Ethereum tracks whale buying and ETF inflows
Bitcoin and Ethereum have rebounded sharply from last week's lows around $60,000 and $1,900, with Bitcoin touching $71,000 as large holders and funds step up accumulation. On-chain data points to two new whale wallets withdrawing 3,500 BTC and 30,000 ETH from Binance, while BTC and ETH ETFs have returned to net inflows in the hundreds of millions of dollars. A crypto analyst now argues that this structure could support a further Bitcoin rally toward the high $70,000 region and sees ETH as significantly undervalued by historical metrics.