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Crypto-native whales have already started buying the dip in $BTC, and it is actually traditional institutions that are trying every means to sell BTC.
During the market low of 58,000 in June, crypto whale addresses across the network net bought approximately 270k BTC over the past 30 days.
Within 5 days after the bottom, over 11,422 BTC (approximately $700 million) were bundled and withdrawn from centralized exchanges, not left on CEX books for immediate sale.
In contrast, over the past four weeks, Bitcoin spot ETFs have seen cumulative net outflows as high as $6.4 billion, and Strategy authorized a $1.25 billion Bitcoin cash-out plan to bolster its dollar reserves. #预测世界杯英格兰VS刚果 #Strategy拟回购股票