Money
Bitcoin Whales Bought 270,000 Coins During ETF Outflow Streak
Lark Davis
BITCOIN FINAL PHASE AS ROBINHOOD CHAIN TAKES OVER
"While Bitcoin ETF holders were selling, Bitcoin whales were on the other side and they bought 270,000 coins, which was three times more than the ETF sold. So, all the stuff going on, BIP 110 drama and sailor drama and STRC drama and ETF drama, Wales bought a quarter billion coins. Quarter million coins. That's a lot of coins, man."
During June's record $4.5 billion Bitcoin ETF outflow period, large-scale Bitcoin holders accumulated 270,000 coins, approximately three times the amount sold by ETFs. This buying activity occurred despite multiple controversies including BIP 110 drama and institutional concerns, suggesting sophisticated investors are accumulating while retail investors exit. The purchases represent roughly $16 billion worth of Bitcoin at current prices.
From this episode
Lark Davis