CoinDesk reports that, amid continued outflows of institutional funds in the United States, Bitcoin whales have accumulated more than 270,000 BTC (about $16.7 billion) over the past two weeks, diverging from record outflows from U.S. spot Bitcoin ETFs. On-chain data shows that although the spot premium remains negative, large wallets continue to add to their Bitcoin holdings, putting the market in a structural phase of institutional deleveraging and long-term fund accumulation.

BTC0.04%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
MerkleGarden
· 4h ago
ETF outflows and on-chain accumulation are happening simultaneously. The market is so fragmented that short-term volatility is unlikely to be small.
View OriginalReply0
MechanicalHummingbird
· 4h ago
Spot is trading at a negative premium, and people are still buying like crazy—either they know something we don’t, or they genuinely believe this is the bottom.
View OriginalReply0
VinylRecordStaking
· 4h ago
Whales are bottom fishing, institutions are fleeing, this script is all too familiar.
View OriginalReply0
  • Pinned