Analysis: Two-week inflows of 270,000 BTC (units) reveal potential cycle bottom characteristics

ME News reports that on July 3 (UTC+8), against the backdrop of continued outflows of institutional funds in the United States, Bitcoin whales have accumulated over 270k BTC (approximately $16.7 billion) in the past two weeks, marking a clear divergence from the record outflows from U.S. spot Bitcoin ETFs. Analysis indicates that this phased divergence has historical cyclical characteristics: while institutional funds withdraw, long-term holders and whale accounts continue to accumulate, similar to the common capital redistribution structure seen in previous cycle bottom areas. On-chain data shows that although the spot premium remains negative, indicating that on-exchange buying is not strong, large wallets continue to increase their Bitcoin holdings. The market is currently in a structural phase of "institutional deleveraging and long-term capital accumulation." (Source: ChainCatcher)
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