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Dear customer,
While the market spent June panicking, somebody was buying. A lot.
On-chain data shows the numbers, and they're hard to ignore. Over the past two weeks, wallets in the largest tier accumulated more than 270,000 BTC, roughly $16.7 billion, with most of the buying clustered near the $59,000 level. In the exact same window, US spot Bitcoin ETFs recorded $4.06 billion in outflows, their worst month on record.
Read that again. The institutional money ran for the exit, and the biggest individual holders bought everything it dropped.
This split has been building all year. Back in January, wallets holding 10,000+ BTC were the only group accumulating while every smaller cohort sold, and the number of entities holding at least 1,000 BTC has grown from 1,207 in October to over 1,300.
Analysts at Bitfinex note this pattern, large holders absorbing supply while institutions sell, has historically shown up near past cycle lows. Whether it means the same thing this time is the question nobody can answer yet.
What the data does show, plainly, is that the people with the most money in this market treated June as a buying window while everyone else treated it as an emergency.
You'll draw your own conclusion. For the next 4 days, acting on it costs 40% less:
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