Bitcoin whales bought $16.7 billion of bitcoin in 2 weeks even as ETFs bled a record $4 billion

CoinDesk·

Bitcoin whales bought $16.7 billion of bitcoin in 2 weeks even as ETFs bled a record $4 billion

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Bitcoin whales are buying up $16.7 billion worth of bitcoin in just two weeks, a significant divergence from the record $4 billion ETF outflows in the same period. This marks the worst month ever for U.S.

U.S. institutional demand had its worst month ever in June. Large holders absorbed the selling, marking a divergence that has shown up near past cycle bottoms.