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Serap Panic Selling Retail, Whales Massively Buying Bitcoin at $60,000 Price

The crypto market is shaken by panic after Bitcoin's price plummeted to around $59,000, the lowest point of 2026. This sharp decline triggered a mass sell-off by fearful retail investors. However, the latest CryptoQuant data released on June 10, 2026, reveals that this downward momentum is actually being exploited by major investors, or whales, as a golden opportunity to buy large amounts of Bitcoin at discounted prices.
​Based on the on-chain data, when Bitcoin reached the $60,000–$61,000 range, the buy transaction dominance by large investors or Exchange Whale Ratio spiked sharply to 61.6%. CryptoQuant analyst Woo Minkyu confirmed that the Bitcoin supply released by retail investors was immediately absorbed by large holders. This condition indicates a transfer of assets from panicked or weak hands to much stronger or strong hands.
​This silent buying action is reinforced by the withdrawal of more than 11,000 BTC from exchanges to cold storage wallets in the past three days leading up to mid-June 2026, which automatically reduces the available supply for sale on exchanges. Although the global market sentiment is engulfed in extreme fear with the Crypto Fear and Greed Index at level 9, the massive influx of whales serves as a strong signal that the $60,000 price zone is being tightly guarded as a main fortress to trigger a price reversal.