[Analyst: Whales Accelerate Bitcoin Accumulation Amid Favorable Macroeconomic Factors] BlockBeats News, November 13, as reported by The Block, Bitcoin has been trading in a narrow range this week against the backdrop of a sideways crypto market. However, analysts point out that large-scale accumulation is occurring beneath the surface of the market's apparent calm. Meanwhile, after experiencing the largest single-day net inflow in a month, Bitcoin spot ETFs are once again seeing a wave of redemptions. On Wednesday, Bitcoin spot ETFs saw outflows of approximately $278 million, Ethereum spot ETFs saw outflows of about $184 million, while Solana spot ETFs recorded net inflows of $18.06 million. Timothy Misir, Head of Research at BRN, stated: 'Whales are continuing to accumulate, with over 45,000 Bitcoins added this week, marking the second-largest accumulation since 2025.' At current prices, this equates to approximately $4.6 billion in capital inflows. He added that this indicates structural positions are gradually being established in an environment of weak liquidity and low market momentum. Blockchain data shows that these purchases are mostly accompanied by increased withdrawals from exchanges to cold storage accounts, suggesting institutional positioning rather than retail speculation. After the U.S. government passed a long-delayed spending bill in the House of Representatives, it officially reopened this week, ending a 41-day shutdown and releasing approximately $40 billion in delayed liquidity. This has restored some confidence in global markets, supporting what Misir described as 'a cautiously optimistic improvement in the macro environment and risk sentiment.'