Bitcoin Whales Snapped Up $16.7B as ETFs Shed Record $4B in Two Weeks

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Large bitcoin holders, commonly known as whales, purchased approximately $16.7 billion worth of bitcoin over a two-week period. This buying spree occurred even as U.S. spot bitcoin ETFs experienced record outflows of around $4 billion. June marked the worst month ever for U.S. institutional demand via ETF products. Analysts note that this divergence — whales absorbing sell pressure while ETFs bleed — has historically appeared near the bottoms of market cycles.

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