Whales Accumulate, Institutions Retreat: 270,000 BTC Inflow in Two Weeks Reveals Potential Cycle Bottom Characteristics

Odaily Odaily reports that amid the continued outflow of institutional funds from the United States, Bitcoin whales have accumulated over 270,000 BTC (approximately $16.7 billion) in the past two weeks, a stark contrast to the record outflows from U.S. spot Bitcoin ETFs.

Analysis points out that this phased divergence exhibits historical cyclical characteristics: while institutional funds retreat, long-term holders and whale accounts continue to accumulate, similar to the fund redistribution structure commonly seen in previous cycle bottom zones. On-chain data shows that although the spot premium remains negative, indicating weak buying pressure on exchanges, large wallets are still steadily accumulating Bitcoin. The market is currently in a structural phase of "institutional deleveraging and long-term fund accumulation." (CoinDesk)