[Analysis: Bitcoin whales recently made large-scale purchases, but overall market demand remains insufficient] Odaily Planet Daily reports that market data shows Bitcoin whales have recently accumulated approximately 53,000 BTC, marking the largest buying spree since November last year, providing some support to prices after weeks of continuous selling. However, overall market demand remains relatively concentrated, raising doubts about whether the market has truly entered a recovery phase. Currently, Bitcoin's price is still down about 40% from its peak in October last year, with some cryptocurrency ETF investors in a floating loss position, and institutional buying momentum has also slowed. Analysts believe that in the absence of broader capital participation, this round of buying is more likely a phase of market stabilization rather than a signal of a trend reversal.