Business · 3 July 2026
Bitcoin whales buy $16.7 billion as ETFs drop
Big individual investors, known as whales, bought a huge amount of Bitcoin in two weeks, often a sign of market bottoms. This happened while US exchange-traded funds (ETFs) saw a record $4.06 billion leave in June, pushing them negative for the year. Analysts believe this split, with large holders accumulating as institutions sell, has happened near past market lows.
Reported by CoinDesk · How we write briefs