🚀 Bitcoin whales complete selling, price rebounds from $65,000

Bitcoin re-breaks the key $65,000 level, all thanks to whales' continued accumulation, as they have completed months of sustained selling.
As of June 15, the latest data from crypto analytics platform Cryptoquant indicates that large Bitcoin holders have ended a major selling phase and have resumed accumulating this leading crypto asset.
🔸 Bitcoin supply shock is brewing
Data shows that Bitcoin inflow to coin days destroyed (CDD) has significantly decreased, from 2.16 million to just 33,000, indicating a notable slowdown in whale selling.
Typically, the data suggests that coins previously flowing into exchanges are no longer being sold in significant quantities.
Notably, the data shows that the most intense selling occurred in early June, when Bitcoin's price dropped from about $71,300 to $63,800. At that time, long-held Bitcoin tokens increasingly flowed into exchanges amid mounting selling pressure.
However, a few days later, when the price hit a major low of around $61,400, market sentiment began to shift. At this point, Bitcoin became cheaper, and whales actively entered the market, preparing for a potential supply shock.
Further data shows that within just a few days, over 11,400 BTC (worth about $700 million) was withdrawn from exchanges and transferred to private wallets.
Clearly, this indicates that large holders are buying during the dip rather than preparing to sell.
🔸 Bitcoin targets further upward trend
With whales stepping in, Bitcoin is showing signs of a significant recovery as selling pressure gradually diminishes and exchange balances continue to decrease.
As of June 14, the total supply of Bitcoin held by wallets with at least 100 BTC started to rise again after nearly two weeks of decline, coinciding with Bitcoin's rebound to about $65,700.